Bank Of Baku

ADB ready to allocate loan to development of railway infrastructure in Azerbaijan

ADB ready to allocate loan to development of railway infrastructure in Azerbaijan
# 22 April 2013 13:11 (UTC +04:00)

 

Baku. Nijat Mustafayev – APA-Economics. The delegation led by Senior Financial Analyst of ADB's East Asia Department Xiaohong Yang met with Deputy Transport Minister of Azerbaijan Musa Penahov.

 

According to APA-Economics, at the meeting, it was offered to allocated loan forn development of railway infrastructure of Azerbaijan. This loan considers renewal of railway transport infrastructure in line with modern requirements, as well as the implementation of the reconstruction of Sangachal and Bilajari stations. The sides also discussed the issues on increase of the transit potential through the Railway Development Program until 2020 and the establishment of modern logistics system.

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