Azerbaijan works out Five-Year Development Program for Railway Infrastructure

The Program is aimed at upgrading the entire infrastructure. The program will also include purchasing new locomotives, cars and increasing transportation and productivity, company's official Gurban Nazirov told APA.

By joint calculations with the World Bank, the development and reconstruction activities require US $609mln in investment during 2007-11, of which 40% will be provided by the World Bank.

Nazirov said the prospects of investment sources are being studied.