ADB Approves $47 Million Loan to Help Digitalize Azerbaijan’s Railways ADB will provide $250 million as a policy-based loan to improve rail service in the country through a series of reforms that will improve governance and financial management of Azerbaijan Railways. Another $150 million will be provided to rehabilitate 166 kilometers (km) of double-line main track on the North-South Railway Corridor, which connects Azerbaijan with the Russian Federation in the north and the Islamic Republic of Iran in the south.
The Second Central Asia Trade Policy Forum was held eight years after the first edition of the event in Ashgabat, Turkmenistan.
The Baku International Sea Trade Port of Azerbaijan The Baku International Sea Trade Port of Azerbaijan is designed as a full-fledged intermodal transport hub with a free trade zone (photo by Ragas, Sammons, and Khodjaev). Source: Ports and Logistics Scoping Study in CAREC Countries, April 2021.
[Project Results] Azerbaijan: Shah Deniz Gas Field Expansion This project involves a $500 million direct nonsovereign loan and a $500 million partial credit guarantee with a sovereign guarantee that would help the government to continue the development of one of its largest revenue-generating assets in challenging times globally for oil and gas investments.
A sneak peek at CAREC’s new strategy The new strategy is an important milestone and a collective opportunity to unleash the potential of regional cooperation for Central Asia.
In Azerbaijan, Road Upgrades Bring New Opportunity A smooth transport connection from Baku to the Georgian border means faster, safer, and more efficient travel, and improved lives in communities along the way.
Milestones in CAREC Transport The 15th CAREC Ministerial Conference unanimously endorsed two strategies to promote safety along CAREC corridors and provide a blueprint for long-term development of CAREC railways.
A snapshot of e-commerce in Central Asia In 2015, Central Asia made some important improvements in the environment for cross-border e-commerce: Kazakhstan's accession to the World Trade Organization will boost commercial transparency, while the Kyrgyz Republic’s membership in the Eurasian Customs Union expands its consumer base.
Azerbaijan’s Railroads: The Missing Link? With support from the World Bank, and for the first time in 30 years, Azerbaijan is investing heavily in its railroads.
