|Third Highway Project, Additional Financing|
|Summary:||The objective of the Additional Financing (AF) for the Third Highway Project is to contribute to more efficient and safer Baku-Shamakhi road and higher quality road services as part of the upgrading to motorway standards, and to improve the management of the nascent motorway network.|
|Expected Outcome:||The AF Loan will finance the scaling up and restructuring of the Third Highway Project through financing for remaining works to upgrade the M4 road from Baku to Shamakhi to the category one motorway standards, including expansion to four lanes of kilometer (km) 13.3- km15 and km 91-km107 and pavement strengthening works for existing lanes between km 15-km 91.
The AF will also support the modernization of motorway management and maintenance through financing technical assistance and one-time capital investment for establishment of regional motorway maintenance units.
|Funding Amount:||World Bank: $140,000,000|
Government of Azerbaijan: $16,000,000
|Links/Documents:||World Bank Project Page|