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

  • Sarajevo Ring Road works set to finish in October 2012
    July 27, 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 AG. The completed Ring Road will be part of the future Corridor Vc motorway.
    Read More
  • ADB bank to help Azerbaijan on more road projects
    April 14, 2015
    The Asian Development Bank (ADB) will lend Azerbaijan US$100 million of the $133 million that the country estimates it will need for road development in 2015-2017. The money is part of the ADB’s $250 million to Azerbaijan for development of energy and transportation infrastructure. Total cost of all the work is around $332 million in total. Within this amount, ADB has earmarked $40 million for development of renewable energy sources. World Highways reported in November that Azerbaijan’s minister of tr
    Read More
  • Lithuania: EIB to issue loan for Vilnius-Utena A14 highway
    September 21, 2016
    The European Investment Bank (EIB) is looking at issuing a €40 million loan towards reconstruction of Lithuania's Vilnius-Utena A14 highway. According to a notice by the EIB earlier this year, the project includes reconstruction of 58km highway, the main traffic artery between the capital and north-eastern regions of Lithuania. The government intends to procure the project as a public-private partnership under a 13-year concession contract, including a 3-year construction period. The bank noted that t
    Read More
  • EBRD mulls loan for Macedonian Corridor 8 work
    July 13, 2021
    The €110million (US$ 130.5 million) load would help construct a 10.7km section, including a tunnel, between Bukojcani and Kicevo.
    Read More

Highlighted Content