In order to reduce water losses to 40% in Azerbaijan's capital city Baku, USD 162.7 million are required for 5 years, which makes it 33 USD million for every year, said Smita Misra, the Lead Water Specialist at the World Bank, Paralel.Az-Economics reports.

It was noted that these targets can be achieved with mixed financing, including public and private financing.

She added that the water losses in Baku have reached to 55-60%. The time to stop it has come