(MENAFN - Trend News Agency ) Baku, Azerbaijan, Dec. 8

By Anvar Mammadov – Trend:

MIDA LLC under the State Housing Construction Agency of Azerbaijan has attracted two investors for construction work in a preferential residential complex in the Yasamal district of Baku, said a message posted on the website of the country's tender commission.

The total volume of attracted investments amounted to about 6.34 million manats, according to the message.

Caspian Service LLC in a consortium with Chinar Inshaat LLC will build a 240-room kindergarten on the territory of the complex. The cost of the contract is 3.3 million manats.

In addition, MIDA has signed a contract with HN Construction LLC, which, in a consortium with Khumar-98 company, will build a 12-storey single-block apartment house No. 25 on the territory of the complex. The cost of the contract is 3.04 million manats.

The monthly mortgage payment for a three-room apartment in the preferential residential complex will not exceed 300 manats, and for a one-room apartment - 130-150 manats.

(1.7 manats = 1 USD on Dec. 8)

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