Azerbaijan highway investment

The Asian Development Bank (ADB) is set to transfer the US$ 150 million second tranche of a loan for construction of Masally-Shorsulu highway in Azerbaijan. The first $250 million ADB loan tranche has already been sent, with the overall project cost set to reach $625 million. Azerbaijan will get a $100 million third ADB loan tranche in 2016, taking the Bank’s total loan investment in the new highway to $500 million.
April 7, 2014 Read time: 1 min
The 943 Asian Development Bank (ADB) is set to transfer the US$ 150 million second tranche of a loan for construction of Masally-Shorsulu highway in Azerbaijan. The first $250 million ADB loan tranche has already been sent, with the overall project cost set to reach $625 million. Azerbaijan will get a $100 million third ADB loan tranche in 2016, taking the Bank’s Total loan investment in the new highway to $500 million.

Reconstruction of all Azerbaijan’s highways is set to cost at least US$38.2billion (AZN 29.94 billion), according to the national Ministry of Transport.

The overall length of highways across the country is 20,000km, with reconstruction works predicted to continue to around 2027.

For more information on companies in this article

Related Content

  • Pakistan SIFC eyes Azerbaijan investment
    February 28, 2025
    Pakistan’s Special Investment Facilitation Council (SIFC) is in talks with Azerbaijan with a focus on motorway investment into Pakisatan.
    Read More
  • US$410mn ADB loan to build second Vietnam Southern Highway
    August 14, 2013
    The Asian Development Bank (ADB) is to lend US$410 million to Vietnam for the construction of the Second Southern Highway that links Ho Chi Minh City and the Mekong Delta. The arterial highway will consist of two cable-stayed bridges measuring a total of 5km, and 26km of interconnecting roads and associated access. The interconnecting roads and two bridges are expected to reduce the three-and-a-half hour travel time between Long Xuyen and Ho Chi Minh City by an hour, while the 90-minute travel time between
    Read More
  • Funding sources being sought for Indian highways
    January 25, 2016
    India’s Ministry of Transport and Highways is looking to source loans to help fund highway development. The Japan International Cooperation Agency (JICA) looks set to provide a partial source for the funding required. In all just over US$885 million will be needed to pay for India’s National Highway Development Project (NHDP). The Japan International Cooperation Agency (JICA) has approved a loan of just over $590 million for the Indian Government-run National Highways and Infrastructure Development Corp (NH
    Read More
  • Bangladesh elevated expressways moving ahead
    July 17, 2017
    New elevated expressways will improve transport in Bangladesh. The Asian Development Bank (ADB) is providing US$1.2 billion in financing for the new Dhaka-Northwest international project. This will be managed by the country’s Roads and Highways Department under the Road Transport and Bridges Ministry's Road Transport and Highways Division.
    Read More

Highlighted Content