MARCH 6 2014 (The Conway Bulletin) — Azerbaijan has started a 500m euro project to transform an old Yugoslav navy base in Montenegro into a luxury resort. The construction of the resort is controversial because it is being bankrolled by Azerbaijan’s sate-owned oil company and Azmont Investments, a company with close links to the Azerbaijani elite.
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(News report from Issue No. 175, published on March 12 2014)
FEB. 23 2014 (The Conway Bulletin) — The Asian Development Bank (ADB) plans to approve a $45m loan next month to finance the reconstruction of road and bridges along the Georgian border, Azerbaijani media reported. The ADB has been instrumental in pushing ahead plans to rebuild Azerbaijan’s Soviet-era infrastructure.
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(News report from Issue No. 173, published on Feb. 26 2014)
FEB. 24 2014 (The Conway Bulletin) — Turkmenistan has begun constructing a gas chemical complex on the shores of the Caspian Sea, media reported. Turkmenistan has grown wealthy from natural gas sales over the past few years and is trying to boost its domestic industrial base.
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(News report from Issue No. 173, published on Feb. 26 2014)
FEB. 6 2014 (The Conway Bulletin) — Highlighting Azerbaijan’s poor infrastructure, the Asian Development Bank (ADB) pledged to lend $150m to build new roads. The loan is part of a multi-tranche plan by the ADB to boost the road network across the country. The total cost of the project is $625m with ADB funding $500 and the Azerbaijani government the other $125m
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(News report from Issue No. 171, published on Feb. 12 2014)
FEB. 11 2014 (The Conway Bulletin) — Around 700 workers building the 88-storey Abu Dhabi Plaza in Astana went on strike after complaining about their pay, media reported. The Abu Dhabi Tower project was unveiled last year to much fanfare. UAE investors are funding the $1.6b tower which was expected to be finished by 2016.
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(News report from Issue No. 171, published on Feb. 12 2014)
FEB. 3 2014 (The Conway Bulletin) — French engineering company Thales has won a deal to upgrade equipment on Baku’s metro system, media reported quoting a senior company official. The Azerbaijani government has pledged to update and extend the Baku metro, which dates from the 1960s.
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(News report from Issue No. 170, published on Feb. 5 2014)
OCT. 23 2013 (The Conway Bulletin) — The Manila-based Asian Development Bank (ADB) has approved a $200m loan to help build houses in rural Uzbekistan, media reported. ADB’s loan underscores the need for better housing outside Uzbekistan’s main cities. The loan is part of $500m tranche agreed between ADB and Uzbekistan in 2011.
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(News report from Issue No. 158, published on Oct. 30 2013)
SEPT. 16 2013 (The Conway Bulletin) — As part of a joint Kazakh-Chinese investment programme, construction will begin on a new potash fertiliser plant in western Kazakhstan, Kazakh deputy industry minister Nurlan Sauranbayev said. Mr Sauranbayev said the initial cost of the plant would be about $1b.
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(News report from Issue No. 152, published on Sept. 18 2013)
AUG. 15 2013 (The Conway Bulletin) — Highlighting its energy wealth, Turkmenistan unveiled plans to build a $2b port on its Caspian Sea coast. Turkmen leader Kurbanguly Berdymukhamedov and Turkish PM Recep Tayyip Erdogan launched the project. Turkish construction company Gap Insaat will build the port.
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(News report from Issue No. 148, published on Aug. 19 2013)
JULY 23 2013 (The Conway Bulletin) — Work has begun on building Georgia’s first wind farm, media quoted the Georgian minister for energy, Kakha Kaladze, as saying. Mr Kaladze said a small wind farm capable of producing 20MW of power would be operational in central Georgia by 2014. If the project is a success, more wind farms are planned.
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(News report from Issue No. 145, published on July 29 2013)
