SGS Monitored a Highway Reconstruction Project in Azerbaijan
The independent SGS project finance engineering team was hired for the reconstruction of part of the Azerbaijan highway to protect the investments of the Republic of Azerbaijan and assure the quality of the design plans and construction.
(firmenpresse) - The main development objective of the Government of the Republic of Azerbaijan was to reconstruct the country’s road infrastructure, i.e. to restore the highway to Category 1 road standards, enabling safe, high-speed traffic that in turn would lead to an increase in the flow of goods.
One main project component was the highway from Baku to the Russian Federation border, between kilometres 6 and 191. The USD 177 million necessary to complete the project was secured by the project owner, the Ministry of Transport, through an Export Facility Loan from the Czech Export Bank.
SGS provided investors and risk management banks the best possible support during the reconstruction works. The project monitoring that SGS was asked to perform was divided into three separate contracts, each covering a distinct section of the highway.
After completion of each kilometre of highway a commissioning survey was conducted. (http://www.projectfinance.sgs.com/construction_projectfinance#commissioning_survey). The current section was thoroughly inspected and after passing the approval process it was handed over to project owners together with reports on the progress and detailed analyses of the project schedule.
By successfully implementing a multi-phased project supervision plan, SGS managed to keep the Azeri highway reconstruction on schedule and within the desired quality standards. The entire length of the highway will become fully operational in the summer of 2009.
SGS, the world’s leading inspection, verification, testing, and certification company, is the preferred international partner for those involved in the energy, infrastructure, trading and commodities fields. SGS Project Finance Services include risk management, project monitoring and management, technical and environmental due diligence and Equator Principles verification. To find out more about SGS Project Finance Services, please visit: http://www.projectfinance.sgs.com/services__projectfinance
http://www.projectfinance.sgs.com/comprehensive-project-monitoring-on-the-reconstruction-of-an-azeri-highway?viewId=10066811&msvpos=10015015
Themen in dieser Pressemitteilung:
project-finance
sgs
project-monitoring
design-verification
multi
phased-project-supervision-plan
construction-project
azerbaijan
Unternehmensinformation / Kurzprofil:
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity. With more than 55,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.
SGS SA - Industrial Services – Project Finance Services
1 Place des Alpes
P.O. Box 2152
1211 Geneva 1
Switzerland Corporate
t: +49 40 30101-266
f: +49 40 30101-936
SGS SA - Industrial Services – Project Finance Services
1 Place des Alpes
P.O. Box 2152
1211 Geneva 1
Switzerland Corporate
t: +49 40 30101-266
f: +49 40 30101-936
Datum: 04.06.2009 - 05:11 Uhr
Sprache: Deutsch
News-ID 1001411
Anzahl Zeichen: 0
contact information:
Contact person: SGS SA - Industrial Services – Project Finance Services
Town:
Geneva
Phone: +49 40 30101-266
Kategorie:
Energy & Utilities
Anmerkungen:
Diese Pressemitteilung wurde bisher 442 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SGS Monitored a Highway Reconstruction Project in Azerbaijan
"
steht unter der journalistisch-redaktionellen Verantwortung von
SGS SA - Industrial Services – Project Finance Services (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
