Skip to main content

Azerbaijan invests in road infrastructure

Azerbaijan will see a major investment in its road infrastructure. The Asian Development Bank (ADB) is supplying funding worth US$350 million that will be targeted at road construction in Azerbaijan. The funding will be for the 2015-2017 period. 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.
October 6, 2014 Read time: 1 min
Azerbaijan will see a major investment in its road infrastructure. The 943 Asian Development Bank (ADB) is supplying funding worth US$350 million that will be targeted at road construction in Azerbaijan. The funding will be for the 2015-2017 period. 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.

For more information on companies in this article

Related Content

  • Vietnam's new bridge deal
    February 14, 2012
    Funding and assistance from Australia, South Korea and the Asian Development Bank (ADB) will help finance key road and bridge projects in Vietnam.
  • Funding for Sri Lankan highway upgrade work
    July 8, 2014
    A loan from the Asian Development Bank (ADB) worth US$800 million will help pay for a series of major road upgrades in Sri Lanka. The remaining $106 million required for the project will be provided by the Sri Lankan Government. The funding will pay for works to 2,200km of provincial and local roads as well as 400km of national roads. The work will help provide proper road connections to around 1,000 villages, with the loan being supplied in a series of payments. The first $100 million payment will be made
  • 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
  • Chinese infrastructure investment
    April 25, 2012
    China's Ji'an city is investing an impressive US$11.88 billion in developing transportation during the 12th Five-Year Plan, while the Asian Development Bank (ADB) is offering a loan worth US$200 million to China's Guangxi Zhuang Autonomous Region.