Bank Of Baku

Korea may invest $300 million in railway speed acceleration project in Azerbaijan

Korea may invest $300 million in railway speed acceleration project in Azerbaijan
# 13 October 2008 12:44 (UTC +04:00)
“We are discussing this project with Koreans. The project envisions accelerating speed in this railway as part of the State Program for Railways Upgrade,” he added.
The project will increase the speed to 120km/h from 80km/h.
A memorandum of understanding was signed between Korea and Azerbaijan on the $2 billion project on May 19.


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