Azerbaijan, WB Discuss Railroad Modernization
Date
12/9/2022 7:20:54 AM
(MENAFN- AzerNews) By Ayya Lmahamad
Azerbaijan and the World bank have discussed issues of
modernization of the country's railroads, Azernews reports.
The discussion took place at a meeting between Azerbaijani
Railways CJSC Chairman Rovshan Rustamov and the World Bank
delegation headed by the Regional Director for the South Caucasus
Sebastian Molineus.
During the meeting, the parties also exchanged views on the
transformation of Azerbaijan into a major transit and logistics
center, and new regional transport projects, including the Middle
Corridor.
Moreover, Rovshan Rustamov informed Sebastian Molineus about the
main directions of the Azerbaijan Railways Action Plan for
2023.
Azerbaijan joined the WB in 1992. Since then, the bank has
financed over 50 projects with total commitments of $4.4 billion.
It started economic cooperation in Azerbaijan to help increase the
country's institutional capacity and build efficient oil reserves
management. The WB has always supported the large-scale reforms
carried out in Azerbaijan.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @ayyalmahamad
Follow us on Twitter
@azernewsaz
Tags: azerbaijan world bank cooperation azerbaijan railways cjsc
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