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Azerbaijan allocates over $6 million for international sea trade port

Staff Writer |
Azerbaijan's President Ilham Aliyev signed an order to allocate over 10 million manats ($6 million) for the Baku International Sea Trade Port Complex, the president's official website said.

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According to the order, Azerbaijan's ministry of economy will get a total of 10.2 million Azerbaijani manats for the construction of the passenger terminal at Baku International Sea Trade Port Complex.

The funds for the construction of the passenger terminal will be allocated to the Ministry of Economy of Azerbaijan within the framework of the state investments envisaged in the state budget for 2018.

The inauguration of the Baku International Sea Trade Port Complex took place this year on May 14 in the village of Alyat, some 77 km south from Baku.

The Baku International Sea Trade Port Complex is a transportation hub linking the European countries, Turkey, Iran, Central Asia and Russia.

The cargo transshipment potential of the port is 15 million tons in the first phase, including 100,000 containers per year.


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