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Cost of New Baku Master Plan Announced

According to preliminary estimates, the expected cost of the Greater Baku Master Plan may cost as much as 5-6 billion USD by 2030.

The project is being prepared together with U.S consulting group Kay Miller on economic development, Angelo de Urso of Italy on urban planning, Eptisa of Spain on environmental issues and Baki Dovlet Layihe Institutu design institute.

According to the plan, Baku's housing space will increase by 30 million square meters and will reach 65 million square meters by 2030.

Greater Baku will include Baku and 11 surrounding districts, as well Sumgayit, Absheron and Khirdalan. Its total area will be about 250,000 hectares.

Source: Trend

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