Azerbaijan, Baku, Aug.17 /Trend A.Akhundov/
JSC Azeryolservis of Ministry of Transport of Azerbaijan announced a tender for the construction of the B section (from 22.15 to 41.50 km section) of Masalli-Astara road through the third tranche of the Multitranche Financing Facility - MFF of Asian Development bank on road construction, the Ministry said on Friday.
Bidding is open to bidders from eligible source countries of the ADB.
Masalli-Astara Motorway Section B. This civil works contract includes the construction of 19.35 km of dual carriageway highway on a new alignment, 2 - grade separated interchanges, 10 bridges, drainage works, 2 pedestrian underpasses, 4 rest areas, utility diversions and road furniture.
The cost of participation in the tender is 200 manat, or $250.
The bids will be accepted until 5:00 p.m. on October 11.
This road project is financed through Multitranche Financing Facility (MFF) for Road Network Development Programme worth $500 million. The loan was approved in August 2007.
The first tranche of $200 million has been allocated to construct the Masalli-Astara road, the second (55.4 million) to reconstruct the Ganja circle road. The third tranche was approved late last year to the sum of $200 million. These funds will be used for continuing the construction of the four lane Masalli-Astara highway.
Azerbaijan is a member of ADB since 1999. The ADB's active credit portfolio reaches $680 million. The ADB has allocated grants amounted to $13.122 million to the Azerbaijan government and local companies during the period of cooperation.
The ADB was established in 1966 and has 67 members. The headquarters of the bank is located in the capital of the Philippines, Manila. Azerbaijan became a member of the Asian Development Bank on December 22, 1999. The country's participation share in the bank's capital is 0.5 percent.
Japan and the US (31.2 per cent of the total share capital), India and China (12.8 percent), Australia, South Korea and Canada (16 percent) are the ADB leading shareholders.