ADB can allocate $200M for North-South project

Baku, Azerbaijan, Aug. 16 Trend: The Asian Development Bank (ADB) will consider the possibility of allocating a $200 million loan for implementation of the International North-South Transportation Corridor (INSTC) project, said an ADB message on its website. An ADB mission will be in Azerbaijan from Nov. 14 to Nov. 25 in order to gather information about the project, according to the message. The project’s overview will be held on Dec. 12, while the date of the loan’s final approval is still unknown, according to the message.