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

  • Major road investment planned in Zambia
    September 26, 2012
    A huge investment is planned in a series of road projects in Zambia. The country’s government intends to spend close to US$5.6 billion over the next five years on road construction. Because Zambia has an extensive copper mining industry the country has benefited heavily from strong demand for the metal, particularly from China. As a result it now has the financial resources to help improve the road network. The Zambian Government has also committed itself to building 2,300km of roads and spending $1.56 bill
    Read More
  • Philippines project finding funding
    December 20, 2017
    Road in the area around Mindanao in the Philippines will benefit from the provision of a loan worth US$380 million. This funding package is being supplied by the Asian Development Bank (ADB). The loan will be used for the Improving Growth Corridors in Mindanao Road Sector project. This is intended to improve and upgrade up to 280km of roads in the area. A further $123 million is being provided by the Philippines Government for the work, which will cost $503 million in all.
    Read More
  • New network development for Azerbaijan
    September 3, 2012
    Major road development is underway in Azerbaijan at present, with network expansion needed to help capitalise on the country’s strong extraction industry. The country’s Ministry of Transport has said that 225km of roads have been built in the first half of 2012. This construction work has required investments of close to US$901 million.
    Read More
  • Papua New Guinea road link planned
    February 11, 2019
    Construction work is commencing for Papua New Guinea’s (PNG) Sustainable Highlands Highway Investment Programme.
    Read More

Highlighted Content