ADB to allocate new large loan to Azerbaijan

ADB to allocate new large loan to Azerbaijan
# 23 April 2013 12:18 (UTC +04:00)

According to Ministry of Transport, within the loan agreement “Second Road Network Development Investment Program - Tranche 1” signed by Minister of Transport Ziya Mammadov and the ADB’s Resident Representative for Azerbaijan Olly Norojono, construction works on four-lane Masalli-Jalilabad motor road with the length of approximately 32.2 km and other project components are considered to be financed.


Masalli-Jalilabad motor road is a part of Alat-Astara-Iran motor road, which is an area of North-South Transport Corridor passing through Azerbaijan. For financing of this road, ADB will allocate $250 mln to Azerbaijan.

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THE OPERATION IS BEING PERFORMED