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

  • Russia’s trans-continental route
    August 10, 2018
    Russia is spending US$10 billion on building a 2,000km section of road connecting China with the EU – Eugene Gerden reports Russia has now started building a 2,000km section of a new transcontinental route, which will connect China and the EU. According to senior officials from the Russian Ministry of Transport, which is implementing the project, the new road, will be known as the Meridian and will stretch through the Russian territory that borders with Kazakhstan and Belarus. This route forms the Russian
    Read More
  • Central Ring Road to become one of most important projects in modern history of road-building in Russia
    December 16, 2014
    Moscow’s new ring road will provide a major economic boost and tackle congestion - Eugene Gerdner writes The Russian Government has officially started building of the Central Ring Road (CRR), one of the largest infrastructural projects in the modern history of the country. Total volume of investments in the project is estimated at more than US$7.2 billion (300 billion RUB). Building of the road should be completed by the World Cup 2018 and will be carried out as part of the existing state program ‘The de
    Read More
  • Funding found for Pakistan highway revamp
    July 8, 2014
    Financing has been found for a major highway upgrade project for Pakistan. The Asian Development Bank (ADB) is lending US$197 million to Pakistan’s National Highway Development Project for Balochistan. The loan will be used to upgrade the Zhob-Mughal Kot and Qila Saifullah Waghum highways. At present these highways feature just two lanes, but the improvement works will see them being widened and improved, so as to increase capacity and also upgrade safety. The wider aim of the project is to help generate ec
    Read More
  • Minimum US $ 14.08bn investment in Philippines highways
    October 16, 2012
    A minimum of US $ 14.08 billion out of an overall Philippines public investment need of $ 16.79 billion has reportedly been earmarked by the Government for highways projects. Goals have been set by the Department of Public Works and Highways (DPWH) to enlarge 12,236m of current bridges, mend national bridges measuring 58,592m, to replace broken bridges covering 19,725m, and to lay new bridges with a combined length of 18,255m.
    Read More

Highlighted Content