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

Project Types

Technical Assistance

Funding

Funding AgencyAmount (USD millions)Notes
Asian Development Bank 1
Total 1
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