Bank Of Baku

Azerbaijan starts road construction in Serbia

Azerbaijan starts road construction in Serbia
# 18 June 2012 09:58 (UTC +04:00)
To him, preparatory work is underway in connection with it and company’s employees have been seconded to Serbia: ‘The work will start this week. At present, about 40 employees of AzVirt are in Serbia’.

Aliyev said that three big tunnels would be built on the 40km-road. Construction work in mountainous areas will continue for 3 years.

Currently, AzVirt is holding talks with local companies: ‘The construction work will involve local companies and workforce’.

Note that, the agreement for the construction of the road between the Corridors of Serbia d.o.o. and AzVirt was signed in April this year. Construction of main roads is funded by a loan allocated by Azerbaijan. Loan of 308 million euros allocated for 25 years at 4% per annum. The loan agreement has been approved by the Parliament of Azerbaijan.
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THE OPERATION IS BEING PERFORMED