Azeri Government receives Railway Development Draft Program

Azeri Government receives Railway Development Draft Program
# 02 April 2007 14:34 (UTC +04:00)
The programme for 2007-2011 is aimed at railway modernization, including rationalizing the track and rolling stock asset base, increasing productivity, setting up a new legal framework and building up management capacity.
According to the preliminary calculation, the project requires more than US $600 million in investment, of which 40% will be provided by the World Bank.
The prospects of other investment sources are being studied. /APA-Economics/

Politics

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THE OPERATION IS BEING PERFORMED