Azerbaijan highway project receiving funding

The Azerbaijan state infrastructure agency Azeravtoyol has announced a tender for reconstruction of the Baku-Shamakhi-Muganli road. The project includes expansion of the highway to four lanes on many sections of the rouad that goes through northern mountainous terrain. The World Bank and Azeravtoyol recently signed an agreement for the bank to fund the work up to US$140 million. Work is expected to take a year.

A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.

Uzbekistan is introducing a new road development programme. The majority of the necessary funding for the work is being provided by the World Bank (WB). The financing for the projects is being delivered in the shape of a series of loans worth a total of US$200 million, although the specific terms of deal have not so far been released. In all 394km of roads are being rebuilt under the programme, which is intended to boost transport in the country. Some $240 million is required in all to pay for Uzbekistan’s