Azerbaijan Railways, ADB mull int’l transport projects

  15 November 2016    Read: 1278
Azerbaijan Railways, ADB mull int’l transport projects
Azerbaijan Railways CJSC (ADY) and the Asian Development Bank (ADB) discussed the implementation of projects on the international transport corridors passing through Azerbaijan, as well as the long-term tasks.
The discussions were held in the meeting of ADY Head Javid Gurbanov with ADB Vice President Wencai Zhang, responsible for operations in the ADB South Asia Department and the Central and West Asia Department, who is on a visit to Baku, the ADY said in a message Nov. 14.

Gurbanov informed Zhang about the reforms and activities carried out for reconstruction of infrastructure of Azerbaijan’s railways.

The sides also discussed medium-term prospects and priorities of cooperation, as well as further expansion of relations.

The ADB will consider allocating a $200-million loan for implementation of the International North-South Transportation Corridor. The bank management will review the project Apr. 15, 2017.

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