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AzerbaijanRehabilitation of EastWest Rail Corridor Hadji Huseynov, Senior Infrastructure Specialist, World Bank

The European Azerbaijan Society Business Forum Azerbaijan - Locomotive of the Caucasus Potential and Investment Opportunities 14 March, 2013, Paris

Azerbaijan – Baku-Tbilisi-Kars Project


Azerbaijan – World Bank financed Rail Trade and Transport Facilitation Project •! The largest WB’s project in South Caucasus ($450 million loan)


Azerbaijan – Rail Trade and Transport Facilitation Project •! Component I - Rehabilitation of East-West Main Line: 548 km of double track, new AC power supply and new signaling system; •! Component II: 50 new dual voltage freight locomotives; •! Component III: Institutional modernization; •! Timeline: 2009-2017 •! Status: 180 km of track rehabilitated; construction of AC power supply system started; Railways transformed into closed JSC with holding structure. New charter of accounts, asset revaluation and first international audit are completed; transition to computerized IFRS is going on, Oil spills response plan prepared. 4

World Bank Presentation | Business Forum Paris 2013

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