WASHINGTON, March 27, 2008 - The following project was approved today by the World Bank’s Board of Executive Directors:
IBRD Loan: US$ 450 Million
TERMS: Maturity= 17 years; Grace= 4 years
PROJECT DESCRIPTION: The project aims to improve railway services in Azerbaijan, as well as the competitiveness, financial sustainability, operating and cost efficiency, and capacity of Azerbaijan Railway- ADDY- in particular along the transport corridor toward Georgia (east-west corridor).
For more information, please call Mike Jones at (202) 473-2588 or email mjones2@worldbank.org
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