Second Highway Project - Additional Financing

Highway 2 - Additional Financing

Locations

Type

Road

Status

Completed

Total Reported Cost

Initiatives

Start Date

Dec. 16 2008

Start of Construction

Planned Completion Date

June 30 2015

Contractors

Consultants

Implementers

Operators

Funders

Source(s) Amount
205,200,000 USD
300,000,000 USD

Description

This project followed on the original Highway 2 Project, which both aimed to reduce road transport costs and improve access within Azerbaijan's East-West and North-South corridors.

The additional financing funded the remaining 112-kilometer upgrade of the Alat-Masalli segment of the Baku-Iran highway (M3), the reconstruction of the 41-kilometer Tagiyev-Sahil (R6) highway, and the improvement of select local roads that connect to Azerbaijan's main transport corridors.

It was followed by a second additional financing. Including the original loan and subsequent AF, the World Bank contributed $668.85 million to the improvement of Azerbaijan's transit potential, and Azerbaijan contributed $348.96 million. All told, 349 kilometers of highway project roads were improved or rehabilitated, costing a total of $988,825,000.