EBRD demands restructuring of ASRD

Business Materials 17 December 2005 14:08 (UTC +04:00)

The European Bank for Reconstruction and Development (EBRD) proposed the Azerbaijani government to change a form of ownership of the Azerbaijan State Railway Company (ASRD). The EBRD offers to incorporate the ASRD, carry out a plan on restructuring and reduction of its debts, Trend reports.

The proposals were forwarded under the EBRD credit on the improvement of the locomotive economy of the railway.

Today the ASRD is a fully integrated state railway company, which is responsible for management of the railway system throughout Azerbaijan.