Azerbaijani Railways transports 16M tons of cargo in 2014
By Nigar Orujova
Azerbaijan Railways transported 16 million metric tons worth of cargo in January-September 2014, Head of the company Arif Asgarov said on October 13.
Some 4.8 million metric tons of the cargo fell on the internal transportation, and some 2.9 million metric tons on export transportation, he added.
About 4.9 million metric tons of goods were imported during this period, while some 3.3 million metric tons fell on the transit cargo.
Within 9 months of this year, some 9.4 million metric tons of cargo were sent from the railway stations, 5 million metric tons of which fell on oil and oil products (in particular, 1.6 million metric tons on the transit oil), Asgarov said.
Regarding the passenger traffic, he said 1.8 million people were sent from the railway stations during the same period.
Azerbaijan Railways ranks 57th in the world in terms of the length of railroad. Currently, the total length of main roads is 2,932 km; the operational length is 2,117 km, including 815 km of bilateral roads. 1,272 km of the total length of the path, i.e. 60 percent is electrified, 845 km, i.e., 40 percent is operated by the diesel traction.
Earlier, the Azerbaijani Cabinet of Ministers increased the authorized capital of Azerbaijan Railways by 21.2 percent-from 599 million manats to 726.146 million manats.
Azerbaijan Railways' revenues amounted to 223.1 million manats in 2013. The revenues were generated through freight (208.2 million manats) and passenger (14.9 million manats) transportation.
The company's expenditures in 2013 reached 214 million manats, and the company's net profit last year was 9 million manats.
Azerbaijan Railways transported 23.2 million tons of cargo and 2.5 million passengers in 2013.