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Azerbaijan may attract new loan from WB for reconstruction of railways




(MENAFN - Trend News Agency) Baku, Azerbaijan, Mar. 15

Trend:

Azerbaijan Railways CJSC is considering the prospects of obtaining a loan from the World Bank (WB) for the reconstruction of a part of the Baku-Astara-Iranian border railway, Javid Gurbanov, chairman of the company, told reporters, Trend reports.

According to Gurbanov, part of the funds for the reconstruction will be allocated from the state budget. Overall, as noted by the head of the department, the reconstruction will affect 243 kilometers of roads and will allow for its expansion, making it double-tracked.

Also, work is currently underway in conjunction with foreign companies to design a new section of the Baku-Astara railway in Azerbaijan's Lankaran District, he added.

Designing is set to be completed by late 2019.

It was earlier reported that the Azerbaijani government was conducting preparatory work on the relocation of the Baku-Astara railway.

Particular focus was made on the part of the railway that passes through Lankaran and Astara. The railway runs along the sea coast and restricts access to the sea. In addition, the tide erodes the foundation of the road, it falls faster, despite repairs.

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Azerbaijan may attract new loan from WB for reconstruction of railways

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