Czech loan to fund upgrade of Azeri railways
Azerbaijan’s Transport Ministry has signed a loan covenant totaling
215 million euros with the Czech Export Bank to finance an upgrade
of the country’s railways, the spokesman for Azerbaijan Railways,
Nadir Azmammadov, said Monday.
The agreement was signed as part of a project on the development of the Azerbaijani railways. The loan is to be repaid over eight years.
The document was inked by Azerbaijan’s Ministers of Transport and Finance, Ziya Mammadov and Samir Sharifov and Lubomir Pokorny, General Director of the Czech Export Bank.*
The agreement was signed as part of a project on the development of the Azerbaijani railways. The loan is to be repaid over eight years.
The document was inked by Azerbaijan’s Ministers of Transport and Finance, Ziya Mammadov and Samir Sharifov and Lubomir Pokorny, General Director of the Czech Export Bank.*
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