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WB approves a $65 million loan for road reconstruction in Azerbaijan

21.05.2021,15:11


May 21, Fineko/abc.az. The World Bank Board of Directors has approved a new $65 million loan to Azerbaijan to finance the Regional Connectivity and Development Project, ABC.AZ reports.

With a total cost of $95.8 million, the project will provide safe, efficient, and climate-resilient transport connectivity and improve market accessibility along the Salyan-Bilasuvar road in the south of the country.

The project consists of four components. The cost of the first component ‘Road Connectivity’ is $59.24 million. The main sub-component ($55.63 million) envisages rehabilitation of selected sections of the road between 31.9 km and 103.3 km.