Bank Of Baku

Investments to be made in construction of Baku-Sumgayit railway announced

Investments to be made in construction of Baku-Sumgayit railway announced
# 24 June 2015 09:52 (UTC +04:00)

Baku - APA-Economics. Asian Development Bank plans to allocate $100 mln for realization of Baku-Sumgayit Commuter Rail Service Project.

 

According to bank, the project costs $150 mln. Of this, $100 mln wil be attracted from ADB as a loan, $50 mln will be allocated by Azerbaijani government.  

 

ADB Board of Directors will consider the  issue on November 20, 2015.  

 

Length of the Baku-Sumgayit railway will make 28 km.

 

 

 

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