Today.Az » Business » WB approves 3rd Azerbaijan highway project
28 May 2010 [15:25] - Today.Az
The World Bank’s Board of Executive Directors has approved the 3rd Highway Project on Azerbaijan, which amounts to a total of $356.15 million.
The WB approved $241.6 million for the project, of which $171.6 million will be provided by the International Bank for Reconstruction & Development and $70 million by the International Development Association.
The rest of the funds will be covered by the Azerbaijani government. The project envisages the expansion of the Baku-Shamakhi highway.
/AzerTAc/
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