Highway 2

Abstract*

The main development objective of the Azerbaijan Second Highway Project is to reduce road transport costs and improve access, transit, and road safety within Azerbaijan's East-West and North-South corridors, through upgrading some sections of the Alat-Masalli road of the Baku-Iran highway (M3) and rehabilitating the Baku-Shamakhi road (M4). There are two project components: Component 1 upgrades some sections of the M3 highway between Alat and Masalli... Show More

Development Objective

The main project development objective is to reduce road transport costs and improve access, transit and road safety within Azerbaijan's East-West and North-South corridors, through upgrading some sections of the Alat-Masalli road of the Baku-Iran highway (M3) and rehabilitating the Baku-Shamakhi road (M4).

Key Details

Project Details

Project ID
P094488
Status
Closed
Team Leader
Nijat Valiyev , Jacques Bure
Borrower 2
Government of Azerbaijan/Ministry of Finance

Country
Azerbaijan
Disclosure Date
June 7, 2005
Approval Date
(as of board presentation)
January 17, 2006
Effective Date
August 9, 2006

Total Project Cost 1
US$ 1027.99 million
Implementing Agency
Azeryolservis JSC
Region
Europe and Central Asia
Fiscal Year 3
2006

Commitment Amount
US$ 675.00 million
Environmental Category
A
Last Update Date
May 16, 2023
Closing Date
June 30, 2015

Last Stage Reached
BANK APPROVED

Associated Projects
P100668
P100667

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Trade20%
- FY17 - Trade Facilitation20%

FY17 - Private Sector Development

FY17 - Jobs13%
- FY17 - Job Creation13%

FY17 - Public Sector Management

FY17 - Public Administration20%
- FY17 - Administrative and Civil Service Reform20%

FY17 - Urban and Rural Development

FY17 - Rural Development33%
- FY17 - Rural Infrastructure and service delivery33%
FY17 - Urban Development13%
- FY17 - Urban Infrastructure and Service Delivery13%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	675.00
Borrower/Recipient	352.99

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	675.00
IDA Commitment	N/A
IBRD + IDA Commitment	675.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	1027.99

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 15, 2020	IBRD-75160	Int Charges	2,385,982.00
Dec 15, 2020	IBRD-75160	Loan Repay	13,357,355.00
Dec 15, 2020	IBRD-77250	Int Charges	1,439,846.00
Dec 15, 2020	IDA-46150	Loan Repay	85,057.70
Dec 15, 2020	IDA-46150	Int Charges	142,826.48
Dec 15, 2020	IDA-46150	Int Charges	142,826.48
Dec 15, 2020	IDA-46150	Int Charges	29,929.93
Dec 15, 2020	IDA-46150	Int Charges	29,929.93
Dec 15, 2020	IDA-46150	Loan Repay	2,910,884.50
Dec 15, 2020	IBRD-73560	Int Charges	1,552,281.00
Dec 15, 2020	IBRD-73560	Loan Repay	6,787,719.00
Dec 15, 2020	IBRD-73560	Loan Repay	1,552,281.00
Dec 15, 2020	IBRD-77250	Loan Repay	3,186,600.00
Jun 15, 2020	IBRD-77250	Int Charges	1,496,400.20
Jun 15, 2020	IBRD-77250	Loan Repay	3,073,600.00
Jun 15, 2020	IDA-46150	Int Charges	29,819.86
Jun 15, 2020	IDA-46150	Int Charges	29,819.86
Jun 15, 2020	IDA-46150	Loan Repay	2,873,790.20
Jun 15, 2020	IDA-46150	Int Charges	176,047.97
Jun 15, 2020	IDA-46150	Int Charges	176,047.97
Jun 15, 2020	IBRD-75160	Int Charges	2,608,350.50
Jun 15, 2020	IBRD-75160	Loan Repay	12,928,395.00
Jun 15, 2020	IBRD-73560	Int Charges	1,693,644.00
Jun 15, 2020	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2021	IBRD-75160	Loan Repay	14,314,865.00
Dec 15, 2021	IDA-46150	Loan Repay	2,909,604.50
Dec 15, 2021	IDA-46150	Int Charges	174,576.27
Dec 15, 2021	IDA-46150	Int Charges	174,576.27
Dec 15, 2021	IBRD-77250	Int Charges	1,320,707.90
Dec 15, 2021	IBRD-77250	Loan Repay	3,412,600.00
Jun 15, 2022	IDA-46150	Loan Repay	34,131.90
Jun 15, 2022	IDA-46150	Loan Repay	2,740,632.50
Jun 15, 2022	IBRD-77250	Int Charges	1,257,916.00
Jun 15, 2022	IBRD-77250	Loan Repay	3,525,600.00
Jun 15, 2022	IBRD-75160	Int Charges	1,672,325.80
Jun 15, 2022	IBRD-75160	Loan Repay	14,807,723.00
Jun 15, 2022	IBRD-73560	Int Charges	1,128,192.00
Jun 15, 2022	IBRD-73560	Loan Repay	8,340,000.00
Jun 15, 2022	IDA-46150	Int Charges	156,080.48
Jun 15, 2022	IDA-46150	Int Charges	156,080.48
Jun 15, 2021	IBRD-77250	Int Charges	1,381,212.50
Jun 15, 2021	IBRD-77250	Loan Repay	3,288,300.00
Dec 15, 2023	IDA-46150	Loan Repay	45,398.89
Dec 15, 2023	IDA-46150	Loan Repay	77,412.28
Jun 15, 2023	IBRD-73560	Int Charges	845,466.00
Jun 15, 2023	IDA-46150	Loan Repay	2,641,250.20
Jun 15, 2023	IDA-46150	Int Charges	135,555.14
Jun 15, 2023	IBRD-75160	Loan Repay	15,885,153.00
Jun 15, 2023	IDA-46150	Int Charges	119,433.82
Jun 15, 2023	IDA-46150	Int Charges	119,433.82
Jun 15, 2023	IDA-46150	Loan Repay	139,368.62
Jun 15, 2023	IBRD-75160	Int Charges	1,153,971.90
Jun 15, 2023	IBRD-77250	Loan Repay	3,774,200.00
Jun 15, 2023	IBRD-77250	Int Charges	1,125,886.80
Dec 15, 2022	IBRD-77250	Loan Repay	3,649,900.00
Dec 15, 2022	IBRD-73560	Int Charges	986,829.00
Dec 15, 2022	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2022	IBRD-75160	Int Charges	1,417,632.90
Dec 15, 2022	IBRD-75160	Loan Repay	15,329,134.00
Dec 15, 2022	IBRD-77250	Int Charges	1,193,045.00
Dec 15, 2022	IDA-46150	Loan Repay	2,696,562.20
Dec 15, 2022	IDA-46150	Loan Repay	76,097.85
Dec 15, 2022	IDA-46150	Int Charges	26,472.66
Dec 15, 2022	IDA-46150	Int Charges	26,472.66
Dec 15, 2021	IDA-46150	Int Charges	23,155.62
Dec 15, 2021	IDA-46150	Int Charges	23,155.62
Dec 15, 2021	IBRD-73560	Int Charges	1,269,555.00
Dec 15, 2021	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2021	IBRD-75160	Int Charges	1,918,541.40
Jun 24, 2009	IDA-46150	Loan Commitment	62,000,000.00
Apr 29, 2008	IBRD-75160	Loan Commitment	300,000,000.00
Jan 17, 2006	IBRD-73560	Loan Commitment	200,000,000.00
Jun 24, 2009	IBRD-77250	Loan Commitment	113,000,000.00
Jun 15, 2024	IBRD-73560	Loan Repay	8,340,000.00
Jun 15, 2024	IBRD-77250	Int Charges	984,501.20
Jun 15, 2024	IDA-46150	Int Charges	66,048.51
Jun 15, 2024	IDA-46150	Int Charges	66,048.51
Jun 15, 2024	IDA-46150	Loan Repay	113,068.57
Jun 15, 2024	IBRD-73560	Int Charges	562,740.00
Jun 15, 2024	IBRD-77250	Loan Repay	4,045,400.00
Jun 15, 2024	IBRD-75160	Loan Repay	16,994,058.00
Jun 15, 2024	IBRD-75160	Int Charges	597,981.90
Jun 15, 2024	IDA-46150	Loan Repay	2,632,111.00
Jun 15, 2024	IDA-46150	Int Charges	110,464.27
Jun 15, 2024	IDA-46150	Int Charges	110,464.27
Dec 15, 2023	IBRD-75160	Loan Repay	880,747.20
Dec 15, 2023	IBRD-75160	Int Charges	880,747.20
Dec 15, 2023	IBRD-75160	Loan Repay	15,559,097.00
Jun 15, 2023	IBRD-73560	Loan Repay	7,494,534.00
Jun 15, 2023	IBRD-73560	Loan Repay	845,466.00
Jun 15, 2023	IDA-46150	Int Charges	135,555.14
Dec 15, 2023	IBRD-73560	Int Charges	704,103.00
Dec 15, 2023	IBRD-73560	Loan Repay	7,635,897.00
Dec 15, 2023	IBRD-73560	Loan Repay	704,103.00
Dec 15, 2023	IBRD-77250	Loan Repay	3,909,800.00
Dec 15, 2023	IBRD-77250	Int Charges	1,056,441.50
Dec 15, 2023	IDA-46150	Loan Repay	2,670,641.80
Dec 15, 2023	IDA-46150	Int Charges	58,495.44
Dec 15, 2023	IDA-46150	Int Charges	58,495.44
Jun 15, 2016	IBRD-77250	Loan Repay	2,339,100.00
Jun 15, 2016	IBRD-73560	Int Charges	847,086.70
Jun 15, 2016	IBRD-73560	Loan Repay	8,340,000.00
Jun 15, 2018	IBRD-77250	Int Charges	945,802.94
Jun 15, 2018	IBRD-77250	Loan Repay	2,678,100.00
Jun 15, 2018	IDA-46150	Int Charges	112.83
Jun 15, 2018	IDA-46150	Int Charges	112.83
Jun 15, 2018	IDA-46150	Int Charges	220,374.84
Sep 12, 2018	IBRD-77250	Loan Disb	89,936,704.00
Sep 12, 2018	IBRD-77250	Loan Disb	-89,936,704.00
Sep 12, 2018	IBRD-77250	Loan Disb	-89,936,704.00
Sep 12, 2018	IBRD-77250	Loan Disb	89,936,704.00
Jun 15, 2018	IDA-46150	Int Charges	220,374.84
Jun 15, 2018	IBRD-75160	Int Charges	2,073,316.20
Jun 15, 2018	IBRD-75160	Loan Repay	11,267,619.00
Jun 15, 2018	IBRD-73560	Int Charges	1,354,347.00
Jun 15, 2018	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2017	IDA-46150	Int Charges	3,774.27
Dec 15, 2017	IDA-46150	Int Charges	3,774.27
Dec 15, 2017	IBRD-75160	Int Charges	1,835,617.60
Dec 15, 2017	IBRD-75160	Loan Repay	10,863,994.00
Dec 15, 2017	IBRD-73560	Int Charges	1,202,235.80
Dec 15, 2017	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2017	IDA-46150	Int Charges	220,958.02
Dec 15, 2017	IDA-46150	Int Charges	220,958.02
Dec 15, 2017	IBRD-77250	Int Charges	808,189.90
Dec 15, 2017	IBRD-77250	Loan Repay	2,587,700.00
Jun 15, 2017	IBRD-73560	Int Charges	1,175,103.20
Jun 15, 2017	IBRD-73560	Loan Repay	8,340,000.00
Jun 15, 2017	IDA-46150	Int Charges	6,074.87
Jun 15, 2017	IDA-46150	Int Charges	6,074.87
Jun 15, 2017	IDA-46150	Int Charges	206,215.55
Jun 15, 2017	IDA-46150	Int Charges	206,215.55
Jun 15, 2017	IBRD-75160	Int Charges	1,783,131.00
Dec 15, 2018	IDA-46150	Int Charges	208,701.16
Dec 15, 2018	IDA-46150	Int Charges	208,701.16
Dec 15, 2018	IDA-46150	Int Charges	6,776.89
Dec 15, 2018	IDA-46150	Int Charges	6,776.89
Dec 15, 2018	IBRD-77250	Int Charges	615,891.50
Dec 15, 2018	IBRD-77250	Int Charges	854,998.25
Dec 15, 2018	IBRD-77250	Loan Repay	2,768,500.00
Dec 15, 2018	IBRD-75160	Int Charges	2,673,208.00
Dec 15, 2018	IBRD-75160	Loan Repay	11,635,891.00
Dec 15, 2018	IBRD-73560	Loan Disb	-116,600,000.00
Dec 15, 2018	IBRD-73560	Loan Disb	116,600,000.00
Dec 15, 2018	IBRD-73560	Int Charges	1,746,557.10
Dec 15, 2018	IBRD-75160	Loan Disb	-176,177,328.00
Dec 15, 2018	IBRD-75160	Loan Disb	176,177,328.00
Dec 15, 2018	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2019	IBRD-77250	Int Charges	1,551,083.20
Dec 15, 2019	IBRD-77250	Loan Repay	2,971,900.00
Dec 15, 2019	IBRD-73560	Int Charges	1,835,007.00
Dec 15, 2019	IBRD-75160	Loan Repay	12,464,759.00
Dec 15, 2019	IDA-46150	Loan Repay	2,882,543.80
Dec 15, 2019	IDA-46150	Int Charges	186,352.62
Dec 15, 2019	IDA-46150	Int Charges	186,352.62
Dec 15, 2019	IBRD-75160	Int Charges	2,822,744.20
Dec 15, 2019	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2019	IDA-46150	Loan Repay	1,121.94
Jun 15, 2019	IBRD-77250	Loan Repay	2,870,200.00
Jun 15, 2019	IBRD-77250	Int Charges	1,603,894.90
Jun 15, 2019	IBRD-75160	Int Charges	3,030,250.00
Jun 15, 2019	IBRD-75160	Loan Repay	12,064,283.00
Jun 15, 2019	IBRD-73560	Int Charges	1,976,370.00
Jun 15, 2019	IBRD-73560	Loan Repay	8,340,000.00
Jun 15, 2019	IDA-46150	Int Charges	2,947.02
Jun 15, 2019	IDA-46150	Int Charges	2,947.02
Jun 15, 2019	IDA-46150	Int Charges	213,209.19
Jun 15, 2019	IDA-46150	Int Charges	213,209.19
Jun 15, 2021	IDA-46150	Int Charges	59,448.79
Jun 15, 2021	IDA-46150	Int Charges	59,448.79
Jun 15, 2021	IDA-46150	Loan Repay	2,998,421.50
Jun 15, 2021	IDA-46150	Int Charges	167,286.92
Jun 15, 2021	IDA-46150	Int Charges	167,286.92
Jun 15, 2021	IBRD-75160	Int Charges	2,156,235.50
Jun 15, 2021	IBRD-75160	Loan Repay	13,819,425.00
Jun 15, 2021	IBRD-73560	Int Charges	1,410,918.00
Jun 15, 2021	IBRD-73560	Loan Repay	8,340,000.00
Oct 20, 2014	IBRD-75160	Loan Disb	1,458,076.50
Nov 8, 2013	IBRD-75160	Loan Disb	707,293.50
Aug 5, 2013	IDA-46150	Loan Disb	2,943,521.80
Nov 7, 2013	IBRD-75160	Loan Disb	983,766.06
Aug 16, 2013	IDA-46150	Loan Disb	5,569,750.50
Nov 8, 2013	IBRD-75160	Loan Disb	953,789.60
Nov 8, 2013	IBRD-75160	Loan Disb	76,618.92
Aug 16, 2013	IDA-46150	Loan Disb	1,210,355.40
Aug 15, 2013	IBRD-75160	Loan Disb	1,428,179.90
Jan 8, 2015	IBRD-75160	Loan Disb	220,038.17
Sep 4, 2013	IDA-46150	Loan Disb	617,018.25
Sep 9, 2013	IDA-46150	Loan Disb	8,033,417.50
Sep 6, 2013	IDA-46150	Loan Disb	636,568.75
Sep 11, 2013	IBRD-75160	Loan Disb	613,211.10
Sep 11, 2013	IBRD-75160	Loan Disb	870,556.40
Sep 11, 2013	IBRD-75160	Loan Disb	2,860,852.80
Sep 10, 2013	IBRD-77250	Loan Disb	188,594.66
Aug 15, 2013	IBRD-75160	Loan Disb	366,893.10
Jul 19, 2013	IDA-46150	Loan Disb	432,901.47
Aug 6, 2013	IDA-46150	Loan Disb	4,987,114.00
Dec 9, 2014	IBRD-75160	Loan Disb	629,441.44
Dec 9, 2014	IBRD-75160	Loan Disb	291,721.62
Jan 8, 2015	IBRD-75160	Loan Disb	1,177,969.00
Jan 8, 2015	IBRD-75160	Loan Disb	660,412.40
Dec 8, 2014	IBRD-75160	Loan Disb	185,438.62
Dec 11, 2014	IBRD-75160	Loan Disb	1,142,505.40
Oct 21, 2014	IBRD-75160	Loan Disb	631,777.50
Oct 31, 2014	IBRD-75160	Loan Disb	1,354,363.20
Oct 10, 2014	IBRD-75160	Loan Disb	1,072,496.10
Oct 20, 2014	IBRD-75160	Loan Disb	264,885.28
Dec 15, 2014	IDA-46150	Int Charges	225,442.80
May 27, 2014	IDA-46150	Loan Disb	256,739.90
May 29, 2014	IBRD-75160	Loan Disb	1,466,842.80
Jun 15, 2014	IBRD-75160	Int Charges	4,782.35
Jun 15, 2014	IBRD-75160	Int Charges	719,599.70
Jun 15, 2014	IBRD-75160	Loan Repay	6,917,732.50
Jun 15, 2014	IDA-46150	Int Charges	12,041.39
Jun 15, 2014	IDA-46150	Int Charges	12,041.39
Jun 15, 2014	IDA-46150	Int Charges	205,512.06
Jun 15, 2014	IDA-46150	Int Charges	205,512.06
May 12, 2014	IDA-46150	Loan Disb	5,678,142.00
May 27, 2014	IBRD-75160	Loan Disb	1,159,662.10
May 27, 2014	IDA-46150	Loan Disb	350,857.80
Dec 6, 2013	IBRD-75160	Loan Disb	1,461,146.40
Nov 12, 2013	IDA-46150	Loan Disb	5,730,920.00
Nov 12, 2013	IDA-46150	Loan Disb	1,329,575.50
Nov 12, 2013	IDA-46150	Loan Disb	6,122,665.50
Dec 6, 2013	IDA-46150	Loan Disb	2,443,014.80
Dec 30, 2013	IDA-46150	Loan Disb	416,965.06
Dec 30, 2013	IDA-46150	Loan Disb	210,448.84
Jan 8, 2014	IDA-46150	Loan Disb	232,280.95
Dec 12, 2013	IBRD-75160	Loan Disb	567,072.44
Nov 12, 2013	IBRD-75160	Loan Disb	1,003,582.94
Oct 24, 2013	IDA-46150	Loan Disb	482,618.80
Oct 18, 2013	IDA-46150	Loan Disb	421,726.28
Nov 12, 2013	IBRD-75160	Loan Disb	2,813,245.00
Dec 15, 2013	IDA-46150	Int Charges	58,710.62
Dec 15, 2013	IDA-46150	Int Charges	58,710.62
Oct 24, 2013	IDA-46150	Loan Disb	316,924.88
Oct 24, 2013	IDA-46150	Loan Disb	302,112.00
Dec 16, 2013	IDA-46150	Loan Disb	5,400,522.50
Jan 8, 2014	IDA-46150	Loan Disb	322,153.53
Jan 8, 2014	IBRD-75160	Loan Disb	391,852.38
Jan 7, 2014	IDA-46150	Loan Disb	3,736,526.00
Jan 7, 2014	IBRD-75160	Loan Disb	6,293,689.50
Jan 7, 2014	IBRD-75160	Loan Disb	1,068,549.20
Jan 7, 2014	IDA-46150	Loan Disb	2,604,209.00
Jan 2, 2014	IBRD-75160	Loan Disb	1,122,988.60
Dec 15, 2013	IBRD-77250	Int Charges	8,232.78
Dec 15, 2013	IBRD-77250	Int Charges	269,528.78
Dec 15, 2013	IBRD-77250	Loan Repay	1,966,200.00
Dec 15, 2013	IBRD-73560	Int Charges	671,000.00
Oct 18, 2013	IDA-46150	Loan Disb	388,732.88
Dec 15, 2013	IBRD-75160	Int Charges	5,233.62
Dec 15, 2013	IBRD-75160	Int Charges	756,006.40
Dec 15, 2013	IBRD-75160	Loan Repay	6,150,536.00
Jun 15, 2015	IBRD-73560	Int Charges	546,802.80
Jun 15, 2015	IBRD-73560	Loan Repay	8,340,000.00
Jun 15, 2015	IBRD-77250	Int Charges	237,788.66
Jun 15, 2015	IBRD-77250	Loan Repay	2,180,900.00
Feb 5, 2015	IBRD-75160	Loan Disb	569,475.80
Jul 30, 2014	IBRD-75160	Loan Disb	3,269,133.00
Jun 15, 2015	IDA-46150	Int Charges	3,583.80
Jun 15, 2015	IDA-46150	Int Charges	3,583.80
Jul 30, 2014	IBRD-75160	Loan Disb	3,739,379.00
Jun 15, 2015	IBRD-75160	Int Charges	3,506.01
Jun 15, 2015	IBRD-75160	Int Charges	797,289.94
Jun 15, 2015	IBRD-75160	Loan Repay	8,806,275.00
Jun 15, 2015	IDA-46150	Int Charges	210,665.45
Jun 15, 2015	IDA-46150	Int Charges	210,665.45
Jul 22, 2014	IBRD-75160	Loan Disb	336,590.80
Jan 23, 2015	IBRD-75160	Loan Disb	578,052.94
Jul 24, 2014	IBRD-75160	Loan Disb	418,094.90
Feb 5, 2015	IBRD-75160	Loan Disb	885,835.20
Feb 27, 2015	IBRD-75160	Loan Disb	602,419.06
Aug 4, 2014	IDA-46150	Loan Disb	663,513.70
Jul 24, 2014	IBRD-75160	Loan Disb	462,054.00
Jan 27, 2015	IBRD-75160	Loan Disb	280,082.47
Jan 6, 2015	IBRD-75160	Loan Disb	1,689,217.50
Jan 6, 2015	IBRD-75160	Loan Disb	1,498,073.60
Jan 7, 2015	IBRD-75160	Loan Disb	9,905,843.00
Jan 5, 2015	IBRD-75160	Loan Disb	2,992,615.80
Jan 27, 2015	IBRD-75160	Loan Disb	222,001.75
Jan 27, 2015	IDA-46150	Loan Disb	271,551.50
Dec 22, 2014	IBRD-75160	Loan Disb	194,305.90
Dec 22, 2014	IBRD-75160	Loan Disb	166,184.73
Aug 18, 2014	IDA-46150	Loan Disb	95,389.04
Aug 18, 2014	IDA-46150	Loan Disb	164,640.60
Aug 18, 2014	IDA-46150	Loan Disb	454,275.20
Jul 2, 2014	IDA-46150	Loan Disb	169,033.47
Jul 10, 2014	IDA-46150	Loan Disb	271,017.80
Dec 22, 2014	IBRD-75160	Loan Disb	606,926.25
Dec 15, 2014	IBRD-75160	Int Charges	835.02
Dec 15, 2014	IBRD-75160	Int Charges	713,046.10
Dec 15, 2014	IBRD-75160	Loan Repay	7,551,300.50
Jun 15, 2014	IBRD-77250	Int Charges	230,148.39
Jun 15, 2014	IBRD-77250	Loan Repay	2,034,000.00
Jun 15, 2014	IBRD-73560	Int Charges	596,555.56
Jun 15, 2014	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2014	IDA-46150	Int Charges	2,764.31
Dec 15, 2014	IDA-46150	Int Charges	2,764.31
Jul 2, 2014	IDA-46150	Loan Disb	136,241.10
Jul 3, 2014	IBRD-75160	Loan Disb	449,692.38
Jul 2, 2014	IDA-46150	Loan Disb	227,195.44
Dec 15, 2014	IBRD-73560	Int Charges	555,334.80
Dec 15, 2014	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2014	IBRD-77250	Int Charges	216,092.11
Dec 15, 2014	IBRD-77250	Loan Repay	2,101,800.00
Dec 15, 2014	IDA-46150	Int Charges	225,442.80
Dec 4, 2015	IBRD-75160	Loan Cancel	7,777,466.00
Oct 23, 2015	IBRD-75160	Loan Disb	2,571,732.80
Dec 15, 2015	IBRD-77250	Int Charges	303,417.78
Dec 15, 2015	IDA-46150	Int Charges	4,924.74
Dec 15, 2015	IDA-46150	Int Charges	4,924.74
Dec 15, 2015	IDA-46150	Int Charges	217,796.92
Dec 15, 2015	IDA-46150	Int Charges	217,796.92
Dec 16, 2015	IBRD-73560	Int Charges	613,742.40
Dec 16, 2015	IBRD-73560	Loan Repay	8,340,000.00
Dec 16, 2015	IBRD-75160	Int Charges	5,970.67
Dec 16, 2015	IBRD-75160	Int Charges	927,185.80
Dec 16, 2015	IBRD-75160	Loan Repay	9,351,629.00
Dec 15, 2015	IBRD-77250	Loan Repay	2,260,000.00
Oct 16, 2015	IBRD-75160	Loan Disb	715,477.06
Apr 15, 2015	IBRD-75160	Loan Disb	5,453,983.50
Apr 30, 2015	IDA-46150	Loan Cancel	43,935.82
Jun 1, 2015	IBRD-75160	Loan Disb	225,538.20
Jun 15, 2017	IBRD-77250	Int Charges	745,829.44
Jun 15, 2017	IBRD-77250	Loan Repay	2,497,300.00
Jun 15, 2017	IBRD-75160	Loan Repay	10,497,196.00
Dec 15, 2016	IBRD-77250	Int Charges	564,915.80
Dec 15, 2016	IBRD-77250	Loan Repay	2,418,200.00
Dec 15, 2016	IDA-46150	Int Charges	92.31
Dec 15, 2016	IDA-46150	Int Charges	92.31
Dec 15, 2016	IBRD-75160	Int Charges	1,453,528.90
Dec 15, 2016	IBRD-75160	Loan Repay	10,154,836.00
Dec 15, 2016	IDA-46150	Int Charges	209,351.19
Dec 15, 2016	IDA-46150	Int Charges	209,351.19
Dec 15, 2016	IBRD-73560	Loan Repay	8,340,000.00
Dec 15, 2016	IBRD-73560	Int Charges	957,583.06
Jun 15, 2016	IBRD-75160	Int Charges	3,684.18
Jun 15, 2016	IBRD-75160	Int Charges	272.76
Jun 15, 2016	IBRD-75160	Int Charges	1,283,232.60
Jun 15, 2016	IBRD-75160	Loan Repay	9,821,432.00
Jun 15, 2016	IDA-46150	Int Charges	215,785.16
Jun 15, 2016	IDA-46150	Int Charges	215,785.16
Jun 15, 2016	IBRD-73560	Int Charges	231.66
Jun 15, 2016	IDA-46150	Int Charges	3,849.36
Jun 15, 2016	IDA-46150	Int Charges	3,849.36
Jun 15, 2016	IBRD-77250	Int Charges	468,741.25

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2015-06-24
Counterpart Funding	Satisfactory	2015-06-24
Project Management	Satisfactory	2015-06-24
Monitoring and Evaluation	Satisfactory	2015-06-24
Overall Implementation Progress (IP)	Moderately Satisfactory	2015-06-24
Financial Management	Satisfactory	2015-06-24
Procurement	Moderately Satisfactory	2015-06-24

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-17-2015
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Moderately Satisfactory
Government Performance	Substantial
Implementing Agency	Moderately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-19-2016	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Modest	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Moderately Satisfactory	N/a
Icr Quality	Modest	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Average increase in farmgate prices of key commodities in Hajigabul-Bahramtapa region Value 100.00 108.00 120.00
Date January 1, 2009 June 15, 2015 June 30, 2015
Comment
Increased travel frequencies for villagers in the Hajigabul-Bahramtapa region Value 100.00 154.00 150.00
Date January 1, 2009 June 15, 2015 June 30, 2015
Comment
Vehicle operating cost from Hajigabul to Bahramtapa Value 100.00 88.00 88.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Transit time from Hajigabul to Bahramtapa Value 120.00 100.00 100.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Vehicle operating cost from Tagiyev to Sahil Value 100.00 84.00 0.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Transit time from Tagiyev to Sahil Value 120.00 30.00 30.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Vehicle operating cost from Ujar to Kurdamir Value 100.00 76.00 90.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Transit time from Ujar to Kurdamir Value 48.00 30.00 30.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Decline in the percentage of road accidents in the project roads Value 0% 48 30
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Vehicle operating cost from Baku to Shamakhi Value 100% 86 90
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Transit time from Baku to Shamakhi Value 150' 100 100
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Vehicle operating cost from Alat to Yenikend Value 100.00 89.00 91.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Transit time from Alat to Yenikend Value 30.00 18.00 20.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of km upgraded for Alat-Yenikend Value 0.00 31.00 31.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Number of km rehabilitated for connecting roads Value 0.00 113.00 100.00
Date January 1, 2009 June 15, 2015 June 30, 2015
Comment
Roads rehabilitated, Rural Value 0.00 113.00 100.00
Date January 1, 2009 June 15, 2015 June 30, 2015
Comment
Preparation of the revised Road law Value No Yes Yes
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Number of km of roads data introduced in the RDB Value 1600.00 13500.00 13000.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Number of people trained in the use of RDB Value 3.00 10.00 10.00
Date January 1, 2006 June 15, 2015 June 30, 2015
Comment
Development of Road Safety Strategy Value No new strategy Yes Yes
Date January 1, 2008 June 15, 2015 June 30, 2015
Comment
Development of Road Master Plan Value No Road Master Plan Yes Yes
Date January 1, 2008 June 15, 2015 June 30, 2015
Comment
Number of km rehabilitated for Baku-Shamakhi Value 0.00 123.00 123.00
Date December 31, 2006 June 15, 2015 June 30, 2015
Comment
Number of km rehabilitated for Kurdamir-Ujar Value 0.00 42.00 42.00
Date October 31, 2007 June 15, 2015 June 30, 2015
Comment
Number of km rehabilitated for Tagiyev-Sahil Value 0.00 41.00 41.00
Date January 31, 2008 June 15, 2015 June 30, 2015
Comment
Number of km rehabilitated for Hajigabul-Bahramtapa Value 0.00 112.00 112.00
Date October 31, 2009 June 15, 2015 June 30, 2015
Comment
Roads rehabilitated, Non-rural Value 0.00 349.00 349.00
Date March 31, 2006 June 15, 2015 June 30, 2015
Comment

Average increase in farmgate prices of key commodities in Hajigabul-Bahramtapa region	Value	100.00	108.00	120.00
	Date	January 1, 2009	June 15, 2015	June 30, 2015
	Comment

Transit time from Tagiyev to Sahil	Value	120.00	30.00	30.00
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Transit time from Ujar to Kurdamir	Value	48.00	30.00	30.00
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Vehicle operating cost from Baku to Shamakhi	Value	100%	86	90
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Transit time from Baku to Shamakhi	Value	150'	100	100
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Transit time from Alat to Yenikend	Value	30.00	18.00	20.00
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Number of km upgraded for Alat-Yenikend	Value	0.00	31.00	31.00
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Roads rehabilitated, Rural	Value	0.00	113.00	100.00
	Date	January 1, 2009	June 15, 2015	June 30, 2015
	Comment

Preparation of the revised Road law	Value	No	Yes	Yes
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Number of km of roads data introduced in the RDB	Value	1600.00	13500.00	13000.00
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Number of people trained in the use of RDB	Value	3.00	10.00	10.00
	Date	January 1, 2006	June 15, 2015	June 30, 2015
	Comment

Development of Road Safety Strategy	Value	No new strategy	Yes	Yes
	Date	January 1, 2008	June 15, 2015	June 30, 2015
	Comment

Development of Road Master Plan	Value	No Road Master Plan	Yes	Yes
	Date	January 1, 2008	June 15, 2015	June 30, 2015
	Comment

Roads rehabilitated, Non-rural	Value	0.00	349.00	349.00
	Date	March 31, 2006	June 15, 2015	June 30, 2015
	Comment