Azerbaijan: Highway 2 Project [Additional Financing]

IBRD Loan Amount: US$300 Million

Terms: Maturity = 40 years; Grace= 10 years

 

Project Description: The Azerbaijan Highway 2 Project aims to reduce road transport costs and improve access, transit and road safety by upgrading and rehabilitating selected sections of the existing East-West and North-South corridors.  The additional financing will be for the upgrading of a remaining 112 km of the highway between Alat and Masalli and reconstruction of the 41 km long Tagiyev – Sahil bypass that connects the roads from Baku to Russian and Iranian borders. It will also cover rehabilitation of about 200 km of local roads; technical assistance, Monitoring and Evaluation, and the cost of financial audits.

 

For more information, please call Michael Jones at (202) 473-2588 or email mjones2@worldbank.org

 

For project documents, please visit:

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P100667