Baku, Azerbaijan, Sept. 28
By Anvar Mammadov – Trend:
The World Bank has attracted AQS Group, BSI (British Standard Institution) and the Association of Accountants and Risk Professionals of Azerbaijan for review and evaluation of the infrastructure maintenance program for Azerbaijan Railways CJSC, the WB said in a message.
The contract signed in August 2016 will be valid for one year.
The contract is worth a little more than $800,000.
The companies won the tender announced by the WB and Azerbaijan Railways CJSC within the Rail Trade and Transport Facilitation Project.
The consulting services include reviewing and evaluation of Azerbaijan Railways’ infrastructure maintenance program and investment practices and preparing a comprehensive review thereof with appropriate recommendations.
The WB project supports the fulfillment of the program for developing Azerbaijan’s railways aimed at improving the railway services in the country, as well as development of trade and attracting transit cargoes between Europe and Central Asia.
The initial volume of funds allocated by the WB for this project stood at $450 million of the total cost of $795 million. The WB Board of Directors approved the allocation of additional $220 million in June 2013.
These funds will be used for modernizing the SCB (signaling, centralization and blocking) system for the East-West corridor on the section running from Baku to the border with Georgia.