Bank Of Baku

Azerbaijan Railways to get a loan from Czech Eximbank

Azerbaijan Railways to get a loan from Czech Eximbank
# 13 October 2009 16:33 (UTC +04:00)
Baku. Rashad Suleymanov - APA-ECONOMICS. Azerbaijani Railways is negotiating with Eximbank of the Czech Republic to get a loan for infrastructure projects, said Arif Asgerov, Chairman of the Company.

According to him, if negotiations are successful, the bank will extend a loan of €215 million.

Proceeds of the loan will go to the development of road facilities, in particular improvement of the Baku-Boyuk Kasik Railroad.
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