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Azerbaijani main line to be modernized till 2013

17 March 2010 13:15 (UTC +04:00)

Baku. Rashad Suleymanov â€“ APA-Economics. Today a seminar was held about the Project of Azerbaijan Railway Trade and Support of Transport which organized by Azerbaijan Government and World Bank, in Baku. According to Musa Panahov, deputy of transport Minister World Bank allowanced $450 mln for this project.

According to Gurban Nazirov, deputy of chief of Azerbaijan Rail Ways, this project is consisting of 3 components. The 1st component is about the rehabilitation of East-West main line.

On the frame work of the 2nd project which named New Main Locomotives, 50 electric locomotive will be purchased to serve in East-West corridor.

On the frame work of 3rd component Modernization, is consisting of the supply of system of international finance accounting.

According to G. Nazirov, Czech Republicâ€™s bank Eximbank will allowance 215mln euro for the project. Itâ€™s planned to sign an agreement between ARW and Czech bank.

ARW official also told that, this process will end in 2013.