The World Bank stated its intention to invest some $500mln in Azerbaijans transports sector. In turn, Asian Development Bank and EBRD offer Azerbaijan nearly $300mln, Trend reports quoting Musa Panakhov, deputy Transport Minister of Azerbaijan.
The Ministry representative said Azerbaijan today is able to choose among international financial institutions for credits, depending on terms, technical components and duration.
Besides, Azerbaijan possesses its own funds to invest in transport infrastructure. Over AZN 80mln are allotted in the state budget for transport sector. However, Panakhov said, this amount may rise by the end of the year.