Baku, Azerbaijan, Oct. 23
By Azad Hasanli – Trend:
Italy’s IRD Engineering will oversee the expansion of the next section of Baku-Shamakhi-Muganli highway, the World Bank’s Baku office told Trend Oct. 23.
This is the section located on 91-107 km of the main road, said the WB office adding that the contract’s cost is $2.86 million.
This is not the first contract for IRD Engineering in Azerbaijan. The company has already overseen the expansion of other sections of the highway.
The expansion of the Baku-Shamakhi-Muganli highway from two to four lanes is carried out as part of the Third Highway Project implemented by the World Bank in Azerbaijan. The bank signed another contract worth $1.2 million as part of this project in September 2017.
In general, the WB has signed contracts worth $7.4 million since early 2016 as part of the Third Highway Project.
The Third Highway Project was approved in 2010. The project’s cost is $356.15 million, $241.6 million out of which account for WB funds.
In March 2016, the bank allocated additional funds in the amount of $140 million for the project, and additional $15.5 million was allocated by the Azerbaijani government.
Azerbaijan joined the World Bank Group in 1992.