Today.Az » Business » Azerbaijan finishes drafting Railway Infrastructure Development Program
14 March 2007 [15:29] - Today.Az
The work on the Development Program for Railway Infrastructure for 2007-2010 has continued to progress and is almost complete.
Deputy Minister of Transport Musa Panahov said both the infrastructure and trains will be modernized on the scope of the program. "This is a large project. Transportation will rise after Baku-Tbilisi-Kars railroad comes on line. The program is aimed at modernizing the track and rolling stock asset base, energy and communications systems etc.," he noted. The development and reconstruction activities are calculated to be approximately US$800m in investment, of which $100m will be provided by the World Bank. APA-Economics
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