Asian Development Bank to invest $350 million in the road sector in Azerbaijan

Third Multi-Tranche Financing (MFF) Road Sector Development in Azerbaijan by the Asian Development Bank (ADB) is estimated at $ 300 million.

As recorded in the Bank's Country Partnership Strategy with official Baku for the period 2014-2018 the program approved and published on the website of the bank will be approved in 2015. ADB also plans to grant the country a loan of $ 50 million for the implementation of the investment program for sustainable urban transport in Baku.

Azerbaijan has been a member of ADB since 1999. From 1999 to early 2014 for the implementation of 20 projects in Azerbaijan, ADB approved loans totaling $ 1 billion 637.4 million, of which $ 697.5 million was used. --17D-

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