Public investment in Azerbaijani railways drops by 26%

In 2020, 652,976,000 manats public investment was made in Azerbaijan’s railway sector, 26.4% less than in 2019, Report informs with reference to Azerbaijan Railways CJSC.

At the outset of this year, the amount of public investment in the company stood at 3,445,800,000 manats, 23.4% more than the beginning of last year.

The Azerbaijan Railways was established by a presidential order dated July 20, 2009. By the February 15, 2010 decision of the Cabinet of Ministers, the charter and structure of the body were approved. The joint-stock company is 100% state-owned.