WASHINGTON, May 25, 2010 - The World Bank’s Board of Executive Directors today approved the following project:  IBRD Loan: US$171.6 million Terms: Maturity = 17 years; Grace = 4 years IDA Credit: US$70 million equivalent Terms: Maturity = 20 years; Grace = 10 years Project ID: P118023  Project Description: The project objective is to contribute to a more efficient and safer Baku-Shamakhi road as part of the upgrading to motorway standards, and to improve the management of the nascent motorway network.  Media Contact: Elena Karaban 202-473-9277 Ekaraban@worldbank.org  For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P118023  |
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