Azerbaijan and the The World Bank are developing a new project aimed at improving the railway and freight logistics in the country ("Azerbaijan Railways & Logistics Modernization Program").
Eurasia Diary reports citing the office of World Bank in Azerbaijan.
According to the bank, the total cost is $ 800 million. $ 400 million USD(initial approximate figure) of the total cost will be allocated by the World Bank.
Azerbaijan has been a member of the World Bank since 1992. So far, the bank has allocated $ 3.5 billion to Azerbaijan on more than 50 projects.