Skip to main content

Azerbaijan to rebuild roads

The European Bank for Reconstruction and Development (EBRD) is providing Azerbaijan with some US$750 million for road repairs.
March 16, 2012 Read time: 1 min
The 1166 European Bank for Reconstruction and Development (EBRD) is providing Azerbaijan with some US$750 million for road repairs. The EBRD loan will be delivered in three equal tranches to Azerbaijan. A key link due to be rebuilt will the 156km road from Mingachevir - Bakhramtapa.

For more information on companies in this article

Related Content

  • Chinese funding will help pay for Macedonia road project
    October 4, 2013
    In Macedonia a new 50km section of highway will be constructed, with €574 million of financing coming from China's Export-Import Bank. The Exim Bank credit line to Macedonia will be used to build a the highway connecting Skopje and Stip. The new route will also link Stip with pan-European transport corridor 10. The loan will carry an interest rate of 2% and will have a 20 year term with a five year grace period. Macedonia is close to completing work on the corridor 10 road project, which is worth €300 milli
  • Ring road for Sarajevo nears completion
    December 17, 2012
    The Sarajevo Ring Road in Bosnia and Herzegovina is expected to be completed by October 2012. The construction of the 5.6km long highway from Josanica to Butila is being carried out by a consortium of companies made up of HP Investing and Strabag. The completed Ring Road will be part of the future Corridor Vc motorway. Bosnia and Herzegovina Federal Minister of Transport and Telecoms, Enver Bijedic, and State Minister of Telecoms and Transport and Director of the roads company JP Ceste FBiH, Filip Vujevo, r
  • Skopje gets EBRD funding for motorway
    July 12, 2022
    The four-lane highway will run parallel to an existing national road built 50 years ago that heads north from the capital Skopje.
  • Kazakhstan announces infrastructure investment programme to 2020
    April 2, 2015
    Kazakhstan’s deputy minister for investments and development Zhenis Kasymbek has said that about US$20 billion will be invested in development of all types of transport infrastructure by 2020. The main funds will be allocated for the Caspian region, in particular for projects to improve connections to Azerbaijan, Georgia and Turkey. Apart from road infrastructure, money will be invested to construct the Beyneu-Zhezkazgan railway and development of the Altynkol-Khorgos railway section in the direction of