Bank Of Baku

Czech Republic allocates $352 mln to reconstruction of highway in Azerbaijan

Czech Republic allocates $352 mln to reconstruction of highway in Azerbaijan
# 19 July 2011 15:39 (UTC +04:00)
Azerbaijan’s Transport Ministry told APA that Azerbaijan’s share in $352 mln-agreement has been determined at mount of 15% and the advance payment must be paid by 3 parts on tranches.

The project aims construction and reconstruction of additional 2 road strips on Hajigabul-Kurdamir 2-lane road.

Note that, the credit agreement was signed by Transport Minister Ziya Mammadov, Finance Minister Samir Sharifov on the Azerbaijani side and vice-president of Komercni Bank on the Czech side.
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