BAKU, Azerbaijan, August 5. Railways across the Central Asia region must consider implementing key reforms that will make them more efficient and financially sustainable, Trend reports citing the Asian Development Bank (ADB).
According to the ADB, the region’s railways must develop modern commercial accounting systems that provide reliable and transparent real‑time information about costs, revenues, and financial performance.
"Central Asian Railways need to examine the non-core activities of their railways and progressively separate or privatize them so that operators can focus on running railway services on a commercial basis," the ADB said.
Moreover, strengthening staff expertise in operating the system and using it to analyze railway performance is also crucial.
Overall, by implementing reforms in railway sectors across the region can help increase economic growth and improve the lives of people.