Baku: The Asian Development Bank (ADB) has been a reliable partner of ‘Azerbaijan Railways’ CJSC in many areas, and today our cooperation is moving to a new, transformative stage, said ADY Chairman Rovshan Rustamov at the presentation of the decarbonization project within the framework of Azerbaijan Railways CJSC’s partnership with ADB, APA-Economics reports.
According to Azeri-Press News Agency, ADY is proud to be the first state railway company in the Caucasus and Central Asia region to develop a comprehensive decarbonization program with ADB. Together, they have already prepared ADY’s Decarbonization Policy and Framework, which are fully aligned with Azerbaijan’s National Development Strategies, ADY’s 2030 Strategic Directions, the Paris Agreement, and global sustainability standards. The current focus is on putting this strategic framework into practice through the new project.
The project initiated today aims to develop a fully structured investment program for the advancement of renewable energy within the railway infrastructure. Beyond technical considerations, the study will address financial, economic, environmental, and social aspects, ensuring the project’s effectiveness and sustainability, as noted by the ADY head.
He further emphasized that the project is timely as Azerbaijan becomes a crucial transport hub between East and West, North and South. With increasing cargo volumes along the Middle Corridor and North-South route, the competitiveness of the railway system hinges on its efficiency, reliability, and reduced carbon footprint. Decarbonization efforts are pivotal in enhancing all these aspects.