Bank Of Baku

Asian Development Bank to send a transport project mission to Azerbaijan

Asian Development Bank to send a transport project mission to Azerbaijan
# 17 November 2009 14:32 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Jose Nicolas, the resettlement specialist at Asian Development Bank (ADB), has led a mission to Baku to get acquainted with the firsthand situation on resettlement process along the Masally-Astara Highway

The ADB Office in Baku said Jose Nicolas will also meet with the represenatives of relevant governemtn agencies to discuss the project.

Out of the $500 million facility, for Phase 1 the ADB is to allocate $200 million, while the Azerbaijani government - $49 million for upgrading the Masally-Astara highway.
The feasibility study of the project prepared by the US Terra Company envisions constructing a new four-track road in parallel to the existing highway.
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