Bank Of Baku

MM approves credit agreement between Azerbaijan and France on reconstruction of routes

MM approves credit agreement between Azerbaijan and France on reconstruction of routes
# 28 October 2008 12:40 (UTC +04:00)
Baku. Elbrus Seyfullayev–APA. MM has today discussed draft law on approval of credit agreement between Azerbaijan and French BNP-Paribas Open Joint Stock Company on reconstruction of 280-km length of Mughan-Yevlakh part of Baku-Shamakhi-Yevlakh highway and Yevlakh-Zagatala-Georgia, APA reports.
The routes will be reconstructed according to the agreement. The draft law envisages allocation of $400 million and MM passed a decision on approval of draft law.
Transport Ministry signed the agreement by Azerbaijani side.
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THE OPERATION IS BEING PERFORMED