Azerbaijan highway project receiving funding

A major highway upgrade project in Azerbaijan is receiving fuding from the World Bank. Under the terms of the deal the World Bank has approved financing worth US$140 million for the widening of the Baku-Shamakhi highway. The highway will be widened to four lanes, increasing capacity.
April 5, 2016 Read time: 1 min
A major highway upgrade project in Azerbaijan is receiving fuding from the World Bank. Under the terms of the deal the World Bank has approved financing worth US$140 million for the widening of the Baku-Shamakhi highway. The highway will be widened to four lanes, increasing capacity.
Finance & Funding Road Structures

Related Content

  • Uganda’s new highway project revealed
    January 11, 2017
    Plans are being drawn up in Uganda for the upgrading of the Busega-Mpigi highway stretch. Funding worth US$151 million to help pay for the project is being sought from the African Development Bank (AfDB), which is being delivered in the shape of a loan. Busega lies on the eastern outskirts of capital Kampala and upgrading this 24km section of highway is necessary as it is suffers congestion at peak periods and is unable to cope with current traffic demands. Included in the work to improve this section of hi
    Read More
  • Nepal road improvement project starts
    March 28, 2019
    Work is now underway on a major road improvement project in central Nepal. The Chinese contractor, China Construction Seventh Engineering Division (CSSED), is carrying out the upgrade of the East-West Highway route linking Narayagadh and Butwal. The 131km road improvement project is worth US$142.9 million and is expected to be ready by the end of 2022. The project will boost capacity and safety for drivers on the route by widening the road so that it has two lanes in either direction, rather than just one l
    Read More
  • A11 Belgium motorway is first EIB Project Bond Initiative funded project
    March 27, 2014
    Belgium’s €577.9 million A11 motorway Public-Private Partnership (PPP) project has become the first greenfield infrastructure works to receive credit enhancement under the European Commission and EIB (European Investment Bank) Project Bond Initiative. The financing, secured by an EIB letter of credit, is part of the test phase for the 2012 Brussels-launched Project Bond Initiative aiming to invigorate capital market financing for infrastructure projects. The A11 motorway is due for completion in 2018. The
    Read More
  • Work commencing on key Indian highway project
    December 12, 2012
    In India work is commencing on a new highway project that will boost transportation in the country. The US$135 million project is for a 193km highway linking Malavalli and Pavagada. The World Bank has provided some of the funding through the Karnataka State Highways Improvement Project (KSHIP). The work will be carried out by the Sadbhav-GKC consortium and will take some 30 months. The deal is being offered as a 10 year concession package, under the design, build finance, operate, maintain and transfer (DBF
    Read More

Highlighted Content