Railway Sector Development Program

Summary

The program will provide project financing for the rehabilitation of the track and structure of the Sumgayit–Yalama rail line—a key link in the North -South Railway Corridor within the Central Asia Regional Economic Cooperation network. It will improve rail network serviceability (the project loan); and support the railway sector development reforms in management autonomy and governance, financial restructuring, reporting and control, operational efficiency, and corporate restructuring (the policy-based loan).

Expected Outcome

Rail service delivery and financial viability of railway operations in Azerbaijan improved

Expected Outputs

• Governance, and management and financial autonomy of ADY enhanced
• Financial restructuring of ADY's debt liabilities effectively conducted
• Financial and management control, efficiency and reporting at ADY enhanced
• Operational efficiency enhanced and corporate restructuring effectively conducted
• Infrastructure of the Sumgayit -Yalama rail line improved