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February 24th, 2012
Korea Ready to Fund $40 Million for Baku City Cadastre

“Khazar district was pilot, and we are planning to develop the urban cadastre of entire Khazar district, and in the future the urban cadastre of the whole city of Baku. To complete development of the urban cadastre of Khazar district we requested another $ 3 million from the Korean government, and $40 million for development of entire Baku cadastre. We have already received initial consent for new financing,” Mammadov said.
On 23 June 2009, the SLCCA signed a grant agreement with the Ministry of Foreign Affairs & Trade of Korea on improvement of the system of land cadastre in Azerbaijan. The Korean government allocated $ 1.5 million for development of urban cadastre of 1,000 hectares of Khazar district of Baku. Project period is 18 months.