Baku: A rule has been established for calculating the lease fee for the water fund land and artificial land allocated for the creation of artificial land in the section of the Caspian Sea (lake) belonging to the Republic of Azerbaijan, APA reports. The Cabinet of Ministers has made a decision on this matter.

According to Azeri-Press News Agency, the decision outlines the framework for determining the lease fees, aiming to regulate the use of water fund land and artificial land in the Azerbaijani section of the Caspian Sea. This development marks a significant step in formalizing and managing land usage in the area.

The newly established rule is expected to provide clarity and consistency in lease agreements, facilitating better governance and utilization of resources in the region. This decision by the Cabinet of Ministers is part of a broader effort to enhance the management of the Caspian Sea’s resources under Azerbaijan’s jurisdiction.