RBI and UniCredit Sign Up for $150 Million Bridge Loan Facility with Azerbaijan Railways CJSC Arranged by WFC

Raiffeisen Bank International AG and UniCredit Bank Austria AG have agreed the main terms of USD 150 million bridge loan facility with Azerbaijan Railways CJSC. The binding Term-Sheet was executed between the parties on July 16, 2015. 

The financing will support Azerbaijan Railway’s 4 years’ development program with an emphasis to: 

    • Renewal of outdated rolling stock 
    • Completion of Baku-Sumgait intercity railway project
    • Rehabilitation of East-West rail route (Buyuk-Kesik - Baku) 
    • Rehabilitation of North-South rail route (Yalama - Astara)


                      

16.07.2015


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