A loan agreement is expected to be signed in the coming days for Azerbaijan to purchase about 50 electric locomotives produced by the French company Alstom Transport, the head of Azerbaijan Railways Javid Gurbanov said.
With the support of the attracted funds work will also be carried out for railway, railway infrastructure and communications reconstruction, Gurbanov added.
„Upon the completion of work to launch a railway service between the cities of Baku and Sumgait, high-speed trains are to run to the city of Ganja, and then in a northerly direction.”
We remind that in July 2014, Alstom has been awarded a contract to supply 50 KZ8A freight locomotives to Azerbaijan Railways (ADDY) which will be assembled in Alstom’s JV EKZ between 2016 and 2018. The total amount of the contract is EUR 300 million. Alstom’s share amounts to around EUR 150 million.
Share on:
