Bank Of Baku

Azerbaijan works out Five-Year Development Program for Railway Infrastructure

Azerbaijan works out Five-Year Development Program for Railway Infrastructure
# 21 February 2007 09:19 (UTC +04:00)
“The Program is aimed at upgrading the entire infrastructure. The program will also include purchasing new locomotives, cars and increasing transportation and productivity,� he said.
By joint calculations with the World Bank, the development and reconstruction activities require US $609mln in investment during 2007-11, of which 40% will be provided by the World Bank.
Nazirov said the prospects of investment sources are being studied. /APA/
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