Baku, Azerbaijan, July 22
By Emil Ismayilov - Trend:
"Azeryolservis" JSC of the Azerbaijani Transport Ministry has announced tender for the construction of four bridges in the Ganja-Gazakh economic region (north-west of the country), the company reported.
The construction work will be carried out at the expense of the loan of the Asian Development Bank (ADB).
The tender includes the design and construction of one railway bridge and two bridges over the Kura and Aji Dere rivers on the R-24 automobile road, as well as the construction of a bridge across the Aghstafa river on the Y-05-08 automobile road.
Those wishing to participate in the tender should meet the following requirements: the participant`s annual construction turnover should be at least $18 million within two years; the assets of the applicant, which can be sold, free of tax tangible assets and other financial resources should comply with the flow of funds identified in the project; the bidder should also have experience in the areas of design and construction of bridges.
Technical proposals should be submitted until 17:00 local time on September 4.
For more details, please contact on the following contacts:
Head of JSC "Azeryolservis" Javid Gurbanov;
Contact person: Jamila Rustamkhanli
Address: Baku, Uzeyir Hajibeyli st., 74/4, "Azeryolservis" JSC (eighth floor).
Tel / fax: 994 12 493 60 09.
Email: [email protected]
The ADB approved a loan of $45 million to finance a project of reconstruction of the four bridges on the Agstafachay-Poylu Georgian border road. The loan will cover only part of the funds needed to carry out these works. The total project cost is $58 million.
ADB loan funds are part of the last tranche of the first multitranche financing facility (MFF) package intended for road financing. ADB allocated from this multitranche package for road construction, $400 million for the construction of the Masalli-Astara road which was approved to the amount of $500 million in August 2007. It allocated $55.4 million for financing the part of the work within the project for reconstruction and expansion of the Ganja highway.
Azerbaijan joined ADB on December 22, 1999. The active credit portfolio ADB in the country has reached $1.2 billion.
ADB was established in 1966 and has 67 members. The bank's headquarters is located in the capital of the Philippines, Manila. Azerbaijan joined ADB on December 22, 1999. The country's share in the bank's capital is 0.5 percent.
Edited by CN