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Highway 2 - Additional Financing

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

  • P100667

  • Closed

  • Olivier Le Ber

  • N/A

  • Azerbaijan

  • February 6, 2008

  • (as of board presentation)

    April 29, 2008

  • N/A

  • US$ 300.00 million

  • A

  • May 16, 2023

  • June 30, 2015

  • BANK APPROVED

  • P094488

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 300.00
Borrower/Recipient 205.20

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 300.00
IDA Commitment N/A
IBRD + IDA Commitment 300.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 505.20

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.