Bond.az White LogoBond.az Black Logo

World Bank allocates $410M for Baku ecology

World Bank allocates $410 million for Baku's environmental improvement. Project covers waste, lakes, and institutional capacity.

Harper Clark
ByHarper Clark- Senior Editor
|
0

The World Bank plans to allocate $410 million for the "Livable Baku" project.

The project is expected to be approved by February 18, 2027.

It aims to improve environmental conditions in Baku, targeting waste management, polluted lakes, and oil-contaminated land.

Total cost is $501.25 million, with Azerbaijan contributing $91.25 million.

Four components: waste management, lake remediation, institutional strengthening, and project management.

The project supports Baku's Master Plan 2040.

More News
Today / 18:01
|
219

938K manat for Baku school construction

Baku school No. 151 to be rebuilt. Construction and equipment cost 938,755 manat.

0
Today / 13:03
|
851

Rolls-Royce returns to making aircraft engines

Rolls-Royce returns to making aircraft engines after a decade. UltraFan 30 engine designed for Airbus A320 and Boeing 737 MAX successors.

0
Today / 08:31
|
966

Only 1% of Entrepreneurs Use Digital Payments

In Azerbaijan, less than 1% of entrepreneurs use fully digital payments. There is great potential for digitalization in the fintech sector.

0
Today / 08:03
|
843

New credit rules: remote registration and waiting period

The Central Bank has amended credit rules: restrictions on remote loan registration and a waiting period are introduced.

0
Today / 07:02
|
462

Oil Prices Rise: Brent at $72.21

Brent crude rises to $72.21, WTI to $69.86 as Middle East tensions escalate.

0
Today / 06:30
|
708

Edgar Abdullayev: Fintechs Are Banks' Innovation Partners

Azerbaijan Fintech Association Chairman Edgar Abdullayev highlights that fintechs are innovation partners, not competitors, of banks.

0
Yesterday / 16:02
|
556

Geopolitical Tensions Shake Copper Market

Copper prices hit $14,000 as geopolitical tensions disrupt supply. Impact on global economy and Azerbaijan's copper exports.

0
Yesterday / 10:01
|
357

5 tips to consider before taking a loan

5 tips to consider before taking a loan - expert advice to avoid non-performing loans and financial trouble.

0
Yesterday / 08:30
|
515

Fish Production Rises, But Not Enough

Azerbaijan's fish production rises but fails to meet demand, relying on imports and aquaculture. Market and production overview.

0
Yesterday / 07:30
|
872

Transit of wheat from Russia to Armenia via Azerbaijan

Another wheat supply from Russia to Armenia via transit through Azerbaijan: 770 tons in 11 wagons sent from Bilajari to Boyuk Kesik.

0
2026-06-27 17:00
|
204

Transit wheat from Russia to Armenia via Azerbaijan

Wheat transit from Russia to Armenia through Azerbaijan. 11 railcars of wheat will depart on June 28.

0
2026-06-27 08:32
|
521

New Oil Refinery: Reducing Import Dependence

Azerbaijan's new oil refinery project: reducing import dependence, boosting exports. Completion in 5-6 years.

0
...
World Bank allocates $410M for Baku ecology | Bond.az