ADB Expects New Design Offers for Expansion of Road MFF in Azerbaijan
OREANDA-NEWS. March 05, 2010. The Baku representative office of the bank informed that the basic volume of funds, envisaged for MFF, was directed to reserve.
“Use of the funds depends on the offer by Azerbaijan of new projects in this sector," the representative office informed.
On January 16, 2008, ADB signed with the government an agreement on the first tranche of road MFF - USD 200 million for reconstruction of automobile route Masalli-Astara, which have not been used as yet. The bank approved MFF in the amount of USD500 million.
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