Major reconstruction of the railway Baku-Sumgait-Pirshagi, 29.2 km long, has started, according to the Azerbaijan Railway Office. The work is carried out by Demiryolservis LLC.
Builders have started the repair of a 2.2 km segment of Narimanov - Beyuk Shor. Restoration of the traffic on the route Baku-Sumgait-Pirshaghi will allow residents of settlements Eighth Kilometer, Sabunchu, Zabrat-Pirshaghi-Kurdakhani, Goradil, Novkhani and Saray to use this form of transport.
Restoration of the road will also allow the movement of trains between Baku and Sumgait on the ring road. Thus, trains will run on the route Baku-Pirshaghi-Sumgait-Khirdalan-Baku and Baku-Khirdalan-Sumgait-Pirshaghi-Baku. At the same time, the way for passengers traveling from suburban communities and dacha arrays to Sumgait and Baku will be significantly reduced.
Earlier, the government recklessly dismantled most of the ring rail, on which the inhabitants of Baku and villages got to their dachas and back. The lands on which the suburban trains traveled were used by oligarchs and senior government officials to build villas for themselves. -06B--
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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