Over 2bln manat needs for railway development in Azerbaijan
Azerbaijan, Baku, Oct. 12 /Trend, E.Ismayilov/
According to preliminary calculations, the amount of investment for development of railway transport within the State railway development program for 2010-2014 will total 2.4 billion manat, the head of Azerbaijan Railways JSC Arif Askerov said in an interview posted Wednesday on the official website of the ruling New Azerbaijan Party.
"These funds will be provided through attracting foreign loans, within the investment programs and internal funds of the JSC," said Askerov.
Azerbaijani President Ilham Aliyev had signed an order on July 6, 2010 to approve State railway development program in Azerbaijan for 2010-2014.
Official exchange rate on Oct. 12 is 0.7868 AZN/USD.