Azerbaijan unveils volume of investments in explosive production plant in Ganja

Executive Director of Azerbaijan’s AzerBlast LLC Rizvan Bakhshiyev has said that the total investment cost of the explosive production plant, being built in Ganja by Azerblast LLC and owned by AzerGold company, is 14 million manats ($8.2 million).

“As part of the project, about 5.5 million manats ($3.2 million) will be spent on construction work, while four million manats ($2.3 million) - on the purchase and installation of equipment,” Bakhshiyev noted, Report informs.

“Other funds envisaged by the project account for operating expenses. All these funds will be given through the founders' investments in the authorised capital and a loan received on favourable terms,” the executive director noted.