Skip to main content

Azerbaijan’s minister of transport Ziya Mamedov eyes 2017 date

Azerbaijan’s minister of transport, Ziya Mamedov, said construction and renovation of all trunk roads of international importance will be completed by 2017. Around US$2.86 billion (€2.25 billion) will be needed for development of Azerbaijan's transport sector in 2015 as a part of a state investment programme, he said. World Highways reported earlier this month that the Asian Development Bank (ADB) is supplying $350 million for road construction in the country for work between 2015 and 2017. Meanwhi
October 22, 2014 Read time: 1 min
Azerbaijan’s minister of transport, Ziya Mamedov, said construction and renovation of all trunk roads of international importance will be completed by 2017.

Around US$2.86 billion (€2.25 billion) will be needed for development of Azerbaijan's transport sector in 2015 as a part of a state investment programme, he said.

3260 World Highways reported earlier this month that the 943 Asian Development Bank (ADB) is supplying $350 million for road construction in the country for work between 2015 and 2017.

Meanwhile, a further $752 million from the ADB will be used to develop other aspects of infrastructure in Azerbaijan, such as general transportation and utilities over the same period.

Reconstruction of all Azerbaijan’s highways -- around 20,000km -- will cost around $38 billion and take up to 15 years, the ministry said in 2012.

For more information on companies in this article

Related Content

  • New road project for Nicaragua
    August 19, 2016
    The World Bank looks likely to supply funding that will help pay for a major road improvement project in Nicaragua. The US$75 million loan should be agreed by November 2016, if all goes to plan. The funding will pay for major improvement works for the road connecting Nicaragua’s capital Managua with the country’s second city, Leon. At present the route suffers heavily from congestion at peak periods and is unsuited to the traffic volumes it has to cope with. The construction work is expected to commence in
  • Caterpillar eyes better performance in 2015 amid stormy weather
    May 13, 2015
    Caterpillar vice president Paolo Fellin sums up the past year for the global equipment manufacturer and looks at the increasing importance of telematics and machine control. David Arminas reports from Caterpillar’s Demonstration and Learning Centre in Malaga, southern Spain First the good news. Despite the difficulties, especially of the financial markets, 2014 was “a record year for a lot of things” for global heavy equipment maker Caterpillar.Now the bad news. Hang onto your seats because despite some
  • Galliford Try aims to downsize its construction business
    April 25, 2019
    UK construction and infrastructure business Galliford Try is reviewing its construction business with a view to downsizing. “The review will reduce the size of the construction business, focusing on its key strengths in markets and sectors with sustainable prospects for profitability and growth, where we have a track record of success,” the company said in a written statement. “The board anticipates that this review will result in reduced profitability in the current year reflecting a reassessment of
  • IRF hosts high-level debate on the Belt & Road Initiative (BRI) at ITF Summit 2019
    August 12, 2019
    HE Mehmet Cahit Turhan, minister of Transport and Infrastructure of Turkey, opened with a keynote address at the session on "The Belt & Road: Bridging the gaps for sustainable transport and growth in EurAsia". This was organised by the International Road Federation (IRF) on 22nd May 2019 at the ITF Summit 2019 in Leipzig. The panel included top representatives from the World Bank, BSEC, AIIB, IATA, Michelin and PwC and offered a deep insight into key topics surrounding the BRI. Organised jointly with th