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/
URL: http://www.today.az/news/business/68879.html

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