ADB lends one more loan to Azerbaijan

ADB lends one more loan to Azerbaijan
# 11 December 2008 10:01 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The Asian Development Bank (ADB) and the Government of Azerbaijan have signed an additional loan agreement for Ganja Bypass Route Project.
The ADB Office in Baku said the ADB Board of Directors earlier approved a $55.4 million additional loan for Ganja Bypass Route, which is generally used by large trucks for long distance travel, which are not permitted to travel through Ganja, one of the most industrialized cities in Azerbaijan.
The total cost of the project is $73.9 million, of which $18.5 million will be provided by the Government of Azerbaijan.
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THE OPERATION IS BEING PERFORMED