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

  • Kazakhstan road rebuild for Turkestan Region
    January 18, 2019
    Kazakhstan is setting a budget of US$117 million for a series of road and bridge works in its Turkestan Region.
  • Bosnia: more funds for Corridor C5 work
    June 25, 2021
    Bosnia’s national road agency Autoceste FBiHreports reports that 92km of Corridor 5C have been completed.
  • ADB extends US$252mn loan to fund road construction in five India states
    April 9, 2013
    Philippines-based Asian Development Bank (ADB) has agreed to loan the Indian government US$252 million for key road construction projects. The 25-year loan has a grace period of five years, a commitment charge of 0.15% per annum, and the interest rate will be determined on ADB’s LIBOR-based lending facility. The loan will be used to finance the construction of 3,461km of all-weather rural roads in West Bengal, Odisha, Madhya Pradesh, Chhattisgarh and Assam with the first phase scheduled to complete in Decem
  • Serbia highway loan from Azerbaijan
    October 19, 2016
    An amended loan agreement will help with the construction of a major highway project in Serbia. The funding for the project is being provided by Azerbaijan. The loan facility for the work on the Corridor 11 highway project has now been extended for an additional two years. The total loan for the project is €308 million. The project is now due for completion in May 2018. The work is being carried out by Azerbaijan-based contractor Azvirt.