TODAY.AZ / Business

Azerbaijan spends more than $14 billion to transport sector over seven years

13 June 2014 [17:05] - TODAY.AZ
Some $14.5 billion was invested in Azerbaijan's transport sector from 2007 to 2013, Heydar Turabov, the sector head of the Transport Policy and Economy Department of Azerbaijan's Transport Ministry said on June 13.

He made the remarks during the conference on Road and Underground Infrastructure -Solutions to the Problems of Urbanization in Baku.

Turabov underscored that almost $12 billion of the total volume of investments were made in the development of the road transport infrastructure. Nearly $2.4 billion was allocated for these purposes in 2013.

He went on to add that the cargo transportation volume in Azerbaijan has increased by 3.8 percent between 2003 and 2013, transit - 8.6 percent, passenger transportation - 6.1 percent.



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