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

  • €600 million for Romania-Moldova motorway
    April 18, 2024
    A €600 million funding package for Romania-Moldova motorway.
  • Bosnia invests in roads and highway construction
    May 15, 2012
    The Government of Federal Bosnia & Herzegovina plans to invest e5.5 billion in building roads, highways and new energy projects. To achieve this programme a new consortium will be set-up to secure part of the necessary capital, while part will be financed by strategic partners. The authorities are also working on plans for construction of the Corridor 5c highway.
  • Funds for Poland’s highways maintenance, repairs
    May 14, 2012
    Poland’s government plans to boost highways spending in 2011 with a budget of €8.72 billion, an increase of €3.73 billion over the budget set for 2010. However, there is some scepticism as to how such a substantial sum will be found, especially given the spending restrictions the country is already seeing.
  • ADB loan India US$275mn to boost rural connectivity
    February 13, 2014
    The Indian government has signed a pact with Asian Development Bank (ADB) for loans worth US$ 275 million, as part of its nationwide Rural Connectivity Investment Programme. The loan is the second tranche of the $800 million financing facility set aside for the project, and will be used to finance works of constructing 3,693km of rural roads in five Indian states such as West Bengal, Odisha, Madhya Pradesh, Chhattisgarh, and Assam. Further funds of $81.56 million will be financed by the government, taking t