Azerbaijan and Czech Export Bank sign framework loan agreement

Azerbaijan and Czech Export Bank sign framework loan agreement
# 21 June 2010 14:40 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan’s government and Czech’s Ceska Exportni Banka signed a framework loan agreement about the financing of the Reconstruction Project of Azerbaijan Railways, today, Ministry of Transport told APA.

The worth of project is 215 mln euros and will be implemented in 3 years. The loan is given for 8 years.

The contract was signed by Minister of Transport Ziya Mammadov and EO of Ceska Export Banka A.S. Lubomir Pokorni. The guarantee agreement was signed by Minister of Finance Samir Sharifov.
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THE OPERATION IS BEING PERFORMED