Azerbaijan highway investment

The Asian Development Bank (ADB) is set to transfer the US$ 150 million second tranche of a loan for construction of Masally-Shorsulu highway in Azerbaijan. The first $250 million ADB loan tranche has already been sent, with the overall project cost set to reach $625 million. Azerbaijan will get a $100 million third ADB loan tranche in 2016, taking the Bank’s total loan investment in the new highway to $500 million.
April 7, 2014 Read time: 1 min
The 943 Asian Development Bank (ADB) is set to transfer the US$ 150 million second tranche of a loan for construction of Masally-Shorsulu highway in Azerbaijan. The first $250 million ADB loan tranche has already been sent, with the overall project cost set to reach $625 million. Azerbaijan will get a $100 million third ADB loan tranche in 2016, taking the Bank’s Total loan investment in the new highway to $500 million.

Reconstruction of all Azerbaijan’s highways is set to cost at least US$38.2billion (AZN 29.94 billion), according to the national Ministry of Transport.

The overall length of highways across the country is 20,000km, with reconstruction works predicted to continue to around 2027.

For more information on companies in this article

Related Content

  • ADB’s US$150mn loan will help pay for Azerbaijan’s Masally-Shorsulu highway
    February 11, 2014
    The Asian Development Bank (ADB) is set to transfer the US$ 150 million second tranche of a loan for construction of Masally-Shorsulu highway in Azerbaijan. The first $250 million ADB loan tranche has already been sent, with the overall project cost set to reach $625 million. Azerbaijan will get a $100 million third ADB loan tranche in 2016, taking the Bank’s total loan investment in the new highway to $500 million. Reconstruction of all Azerbaijan’s highways is set to cost at least US$38.2billion (AZN 29.
    Read More
  • Rebuild of Azerbaijan highways estimated to cost over US$38.2bn
    June 25, 2012
    Reconstruction of all Azerbaijan’s highways will cost at least US$38.2billion (AZN 30bn), according to the national ministry of transport. The overall length of highways across the country is 20,000km, with reconstruction works predicted to take up to 15 years.
    Read More
  • Azerbaijan’s minister of transport Ziya Mamedov eyes 2017 date
    October 22, 2014
    Azerbaijan’s minister of transport, Ziya Mamedov, said construction and renovation of all trunk roads of international importance will be completed by 2017. Around US$2.86 billion (€2.25 billion) will be needed for development of Azerbaijan's transport sector in 2015 as a part of a state investment programme, he said. World Highways reported earlier this month that the Asian Development Bank (ADB) is supplying $350 million for road construction in the country for work between 2015 and 2017. Meanwhi
    Read More
  • ADB bank to help Azerbaijan on more road projects
    April 14, 2015
    The Asian Development Bank (ADB) will lend Azerbaijan US$100 million of the $133 million that the country estimates it will need for road development in 2015-2017. The money is part of the ADB’s $250 million to Azerbaijan for development of energy and transportation infrastructure. Total cost of all the work is around $332 million in total. Within this amount, ADB has earmarked $40 million for development of renewable energy sources. World Highways reported in November that Azerbaijan’s minister of tr
    Read More

Highlighted Content