Today.Az » Business » Tender for Baku Ring road announced
15 May 2006 [14:53] - Today.Az
The second tender is to be announced on construction of Baku ring road soon.
The project is valued USD 49,5 million, as Ministry of Transport informs. But the results of the first tender were annulled as the funds proposed by the companies exceed the value of the project.
Azerbaijan now has a USD 33.5 million share on the project. The accurate value of the project will be defined after the Jordanian "Arab Consult" Company evaluates construction of the ring road, ANS reports.