WASHINGTON, January 17, 2006- The following projects were approved today by the World Bank’s Board of Executive Directors: IBRD LOAN AMOUNT: $200 million TERMS: Grace period = 8 years; Maturity = 20 Years PROJECT DESCRIPTION: The project will help reduce road transport costs and improve access, transit and road safety within Azerbaijan's East-West and North-South corridors, through upgrading of some sections of the Alat-Astara-Iranian border highway and rehabilitating the Baku-Shamakhi road, which provides the shortest access route to important farming areas in the west of Baku. For more information, please call Miriam Van Dyck, at (202) 448-2931 or email: mvandyck@worldbank.org. For project information documents, visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P094488 | 
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