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Article: ADB Approves $500M Loan Facility for Azerbaijan's Road Network Program.
- Article from:
- M2 Presswire
- Article date:
- October 2, 2007
CopyrightCOPYRIGHT 2007 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-2 October 2007-ADB: ADB Approves $500M Loan Facility for Azerbaijan's Road Network Program(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:02102007
MANILA, PHILIPPINES - The Asian Development Bank (ADB), at the request of the Government of Azerbaijan, will help finance a comprehensive road network program that will ensure sustainable economic expansion through increased trade flows and lower transport costs in the country.
The Road Network Development Program 2006-2015, which is estimated to cost $3.4 billion, was developed by Azerbaijan's Ministry of Transport in July last year. The program, which includes an investment and ...