Azerbaijan not to raise loans for expansion of internal railway net


February 9, Fineko/abc.az. Azerbaijan Railways (ADY) is preparing to realize a range of large-scale projects in order to expand the domestic railway network.

ADY chair Javid Gurbanov has stated that State Budget allocated AZN 369 million for construction and reconstruction of railroads.

"Of them, AZN 100 million will be given to ADY this year and the remaining amount in the following years," Gurbanov emphasized.