Economics&Finance 2013
If we believe the Cabinet - Baku Crystal Hall cost 25.6 million manats

If we believe the Cabinet - Baku Crystal Hall cost 25.6 million manats

2013 January 17 ( Thursday )  16:06:41

In 2012, the Cabinet of Ministers repeatedly revised the judgment No 24S of 6 February of that year on distribution between the state structures of investment in various projects of construction and reconstruction. One such step is in serious doubt. It is a built for Eurovision in 2012 Sports Complex "Baku Crystal Hall", the cost of which are called different numbers.

According to the public this week by the Cabinet of Ministers on 30 November 2012, the funding for the above project has been reduced by 27 255 000 manats. Recall that in July 2011 for the construction of the complex in the seaside boulevard in Baku, the head of state pre-allocated from the Reserve Fund of the President of the state budget of 6 million manat. Last year, the Cabinet has allocated from the state budget for this purpose is 46.9 million manat. When commissioning is not officially been announced labor charges. Arithmetic calculations show that if the construction was not funded from other public or private sources, Baku Crystal Hall would cost 25,645,000 manats. And this is without the associated infrastructure works, which appeared in the amount of several hundred million manat.

After completion the cost of the work was 105 million manat. Wikipedia describes the amount of 120-140 million euros.

Client of the construction was the State Committee on Property. In the state committee, they did not comment on the issue of financing.

Note that the above order dated November 30 cut all AZN 5 million provided for the redeployment of the higher educational institutions of the city limits. The released amount of AZN 32,255,000 were distributed to the Parliament (AZN 1 million), the Ministry of Foreign Affairs (2 mln), Baku branch of Moscow State University (4,055,000 AZN), the Diplomatic Academy (AZN 2 million), OJSC Azerkosmos (AZN 13 million), Bakielektriksebeke (7.2 mln) and the Fund of State Support for Media Development (AZN 3 million). - 08B-




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