OREANDA-NEWS. April 23, 2009. Sultan Bin Saeed Al Mansoori, minister for economy and chairman of federal departments of transport and civil aviation of the United Arab Emirates, signed yesterday in Baku with transport minister Ziya Mammadov of Azerbaijan the Protocol of Intentions on two countries’ transport co-operation.

Mr. Al Mansoori claimed that the UAE was ready to render assistance in development of transport system of Azerbaijan.

“The proposals will be formulated on completion of the visit and assessment of the offered projects,” Mr. Al Mansoory said.

In his turn, the Azerbaijani minister focused on projects of reconstruction of highways in northern and western direction designed for transportation of 20 million tons of cargo a year, upgrade of Azerbaijan State Railway, construction of new Baku international sea trade port intended for 15 million tons of goods a year.

Investment needs of country’s transport sector are estimated at the level of USD 3-4 bn.