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World Bank sends a mission to Azerbaijan for transport project

21 January 2009 07:39 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The World Bankâ€™s Senior Transport Specialist for East Asia and Pacific Region Christopher R. Bennett led a delegation to Azerbaijan to discuss the WB-supported transport projects in the country.
The WB Office in Baku said the delegation will meet with the transport officials of Azerbaijan to get acquainted with the progress of the projects.
A month ago, the Government of Azerbaijan and the World Bank signed an agreement on $300 million additional financing for Azerbaijan Highway 2 Project.
Azerbaijan Highway 2 Project aims to upgrade the remaining 112 km of the highway between Alat and Masalli and reconstruction of the 41 km long Tagiyev â€“ Sahil bypass that connects the roads from Baku to Russian and Iranian borders. It will also cover rehabilitation of about 200 km of local roads; technical assistance, Monitoring and Evaluation, and the cost of financial audits.
The original Azerbaijan Highway 2 Project was developed based on the request from the Government of Azerbaijan to finance the upgrading of the entire Alat-Masalli section (143 km) of the North-South corridor and the rehabilitation of the Baku-Shamakhi section (124 km) of the East-West corridor. The project objective was to reduce road transport costs and improve access, transit and road safety by upgrading and rehabilitating selected sections of the existing East-West and North-South corridors.
Azerbaijan joined the World Bank in 1992.