WB changes road funding priorities in Azerbaijan
Baku, Azerbaijan, March 14
By Abbas Akhundov - Trend
The World Bank (WB) may allocate $200 million for the reconstruction of regional roads in the south of Azerbaijan, head of WB office in Baku Larisa Leshchenko told Trend on Thursday.
She called the assessment preliminary.
"A regional roads' project is being prepared," he said. "Earlier, we were engaged in the main trunk roads. At present, we plan to reconstruct two sections of regional roads in the south of the country."
Official talks on 51 projects have been held since Azerbaijan joined the WB. Loan agreements totalling $3.349.5 billion were signed to finance them. About $ 1.7 billion of the amount was allocated for the implementation of road projects. The largest loan worth $ 670 million was allocated for improvement of the railway infrastructure and in particular, the reconstruction of the track on the Baku-Boyuk Kesik border with Georgia section.
WB also finances the modernisation and rehabilitation of road sections of the existing East-West and North-South corridors, namely the Alat-Masalli third highway, rehabilitation of the Kurdamir-Ujar section of the Baku-Georgian border highway, rehabilitation of the Baku- Shamakhi road, reconstruction of the road from Tagiyev settlement to the Sahil settlement bypassing Baku, Hajigabul-Bahramtepe road and expansion of the Baku-Shamakhi/Muganli highway.
Translated by NH
Edited by SM