He noted that the freight turnover between the European Union and China is forecast to double by 2030.
"Azerbaijan needs to do certain work, particularly, develop the country's railways with a view not to stay away from these processes. Huge work has already been done: the Baku-Tbilisi-Kars railway was launched, the North-South project, which will connect the Persian Gulf, Russia and Northern Europe through Azerbaijan, is being realized. In general, it was planned to invest over $4,879 billion into the development of the railway infrastructure from 2010 to 2022. Part of this fund has already been invested, while the rest will be invested until 2022, " he said.
Particularly, he noted that bulk of the funds has been spent on reconstruction and electrification of the railway routes, overhaul of the Baku-Beyuk-Kesik railway section, renovation of the fleet of carriages, purchase of passenger and freight locomotives.
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