World Bank mission arrives in Baku

The World Bank Office in Baku told the APA that the delegation will have meetings at the Transportation Ministry and the State Oil Company to discus preparation for the project.

The preliminary cost of the project is estimated at US $100m.

The Railway Transport and Trade Facilitation Project will seek to improve the competitiveness, commercial orientation, and efficiency of the national railway company, Azerbaijan State Railway Company (ADDY). The project will support the first phase of railway modernization (three to four years), including rationalizing the track and rolling stock asset base, increasing productivity, setting up a new legal framework allowing ADDY to operate commercially and to be corporatized, and building up management capacity.