Azerbaijani and Korean Transport Ministries Sign Protocol on Intellectual Transport Management

Business Materials 27 April 2007 16:15 (UTC +04:00)

Azerbaijan, Baku / Trend corr / The Azerbaijani Ministry of Transport and the South Korean Ministry of Construction and Transport signed a memorandum on understanding for cooperation in intellectual transport management.

South Korea will render assistance to Azerbaijan in creation of intellectual transport management in Baku. The initial cost of the project to be implemented within 3 years comprises $50-55mln.

According to the conclusions of Korean experts, who have held a research in Baku, the creation of the management in Baku is possible. The management will enable control points to receive data on movement of vehicles, speed, halts, accidents, and traffic jams and other.