IFLR1000

Baku-Sumgayit railway refurbishment

10/5/2016
Project development, Project finance
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€ 146 million

$ 154.767 million

Completed

10/5/2016

Overview:

  • Baku-Sumgayit railway refurbishment.
  • The Republic of Azerbaijan and Azerbaijan Railways are refurbishing the 50km Baku-Sumgayit train line.
  • Azerbaijan has borrowed €146 million through two export loans from Czech bank Česká spořitelna to fund the project.
  • The Republic of Azerbaijan and Azerbaijan Railways were represented by in-house counsel.

Kurt Stumpo - Journalist

Jurisdictions:

Azerbaijan
Czech Republic

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

Azerbaijan
Czech Republic

Industry sector:

Transport

Firm:
Dentons

Party: Česká spořitelna (Lender)

Lawyer: Jiří  Tomola

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