Baku: The amount of funds spent from the state budget on the improvement and construction works carried out in Baku in connection with COP 29 has been revealed, this was stated in the information on the implementation of the summary and state budgets of Azerbaijan for 2024.

According to Azeri-Press News Agency, AZN 471.6 million was allocated from the reserve fund of the state budget in 2024, following the relevant orders of the Cabinet of Ministers of the Republic of Azerbaijan.

Of these funds, AZN 470.4 million was financed by submitting order documents by the relevant institutions. A significant portion, 99.7 percent, of the opened financing was implemented by the relevant institutions. This financing covered a range of projects, including major repairs and reconstruction of highways in various cities and districts, and development and construction works in Baku. These projects are part of the preparatory measures for the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP 29), held in Azerbaijan in November of the reporting year.

Additionally, funds were allocated for the establishment of the national pavilion to represent Azerbaijan at the “Osaka, Kansai Expo 2025” World Expo in Japan, the construction of residential buildings in Barda, Goranboy, and Masalli, and the restoration of damaged facilities. Efforts also included the completion of repair and construction works to address the damage caused by the aggression of the Armenian armed forces, purchasing medical equipment and special-purpose vehicles, providing important strategic facilities with reliable electricity, and implementing other measures.