Azerbaijan New Town Project | Approved

Azerbaijan New Town Project

Project Overview

Location : 150 kilometers north from
Baku(Capital)

Area : 72,000,000m2

Planned Pop. : 500,000 people
(1st stage 100,000)

Project Cost : USD 28.7 billion

Project Period : 2009~2011(3 years)

PM Fee : 23,94 0,000 euro

PM scope : General Plan & 1st stage Executive Design

Project Details

07.04 President of Azerbaijan visited Korea Land Corporation

07.10 Signing of MOU (Ministry of Land, Transportation, and
Maritime Affairs ? Azerbaijan’s Ministry
of Ecology and Natural Resources)

07.12 Working-level committee held

08.01 PM contract (proposal) submitted,negotiations held

08.11 Completion of negotiations in detail including PM fee

08.12 Signing of PM contract in Azerbaijan(Ministry of Land,
Transportation, and Maritime Affairs ?Ministry of
Ecology and Natural Resources)

Source: http://globalproject.lh.or.kr/