ADB allocates $925,000 for preparing sustainable urban transport program for Baku

ADB allocates $925,000 for preparing sustainable urban transport program for Baku
# 18 December 2013 10:09 (UTC +04:00)

A $925,000 grant was approved by ADB in 2012 to conduct the TA which will support the Government of Azerbaijan in establishing an urban transport sector road map and investment program for Baku’s metropolitan area.

Deputy Minister of Transport, Musa Panahov chaired the meeting. A French consulting firm selected to conduct the TA presented a preliminary report during the meeting. David Margonsztern, ADB’s urban development specialist, briefed the meeting participants that “The study will carry on throughout 2014 and will produce a multi-modal traffic forecasting model to analyze different options and recommend notably a parking strategy, traffic management measures, new mass-transit systems such as Bus Rapid Transit on strategic corridors, improvement of the road network and main junctions, intermodal hubs, public bicycle sharing schemes and other innovative and sustainable actions to improve Baku’s traffic and relieve the capital city of its congestion”. He added that capacity building is also an integral part of the grant.

Mr. Panahov highlighted the importance of the study and look forward to receiving practical advice and plan under the TA to tackle some of the Baku’s traffic issues.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. Established in 1966, it is owned by 67 members – 48 from the region. In 2012, ADB assistance totaled $21.6 billion, including cofinancing of $8.3 billion.

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THE OPERATION IS BEING PERFORMED