ADB approves Azerbaijan's railway digitization funds

BAKU, Azerbaijan, October 1. The Asian
Development Bank (ADB) has approved the allocation of a loan of $47
million to support the digitalization of Azerbaijan's railway
system, Trend
reports via ADB.
“This funding will significantly improve the safety,
reliability, and efficiency of Azerbaijan Railway networks. As part
of the digital transformation of the Azerbaijan Railways, the ADB
will support the digitalization of key processes, including cargo
operations management, asset maintenance, repairs, and investment
planning,” the ADB statement noted.
The project will also roll out a customer information access
system, tackling pricing and tax calculations head-on.
This initiative will also put its money where its mouth is by
funding digital enhancements to the corporate functions of
Azerbaijan Railway CJSC.
“Digitalization will bolster Azerbaijan's pivotal role in
connecting the economies of East and Central Asia with the Caucasus
and Europe,” Director General of the Central and West Asia
Department of ADB Eugene Zhukov said.
He emphasized that the project will help Azerbaijan fully
realize its potential as a trade and logistics hub.



According to ADB transport specialist Nanyan Zhou, the
digitalization of Azerbaijan Railways is critical for enhancing
operational efficiency and Azerbaijan's competitiveness in regional
transit corridors.
“Azerbaijan's railway lines are essential in corridors 2 and 6
of the Central Asia Regional Economic Cooperation (CAREC) Program,
and this digitalization project aligns with the CAREC Strategy
through 2030,” the ADB statement added.
Since 1999, Azerbaijan has received over $5 billion in loans
from the ADB.
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