Latvian Leasing Company Participating to Improve Baku’s Transport Infrastructure
Azerbaijan, Baku, 13 March /corr. Trend U.Ismaylova / On 13 March, the Latvian leasing company Parex Leasing & Factoring LLC received the first consignment of busses- purchased according to the pre-financed project on purchase of 100 passenger buses in co-operation with the Azerbaijani company Nihad Motors, the Company reported on 12 March.
"On 12 March, 22 buses were brought to Baku, which will be put into operation in the near future for internal routes," the same source stated.
According to the contract, all buses will be delivered to Azerbaijan by April. The investments of Parex Leasing & Factoring for the project totaled nearly AZN 2mln.
According to the conditions of contract, leasing will be carried out for a period of 36 months.
"Successful realization of the project, carried out by Parex Leasing & Factoring, will improve the situation in Baku's car transport sphere," the Company said.
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