The correlation-driven metal-insulator transition (MIT) of BaVS$_3$ was studied by polarized infrared spectroscopy. In the metallic state two types of electrons coexist at the Fermi energy: The quasi 1D metallic transport of $A_{1g}$ electrons is superimposed on the isotropic hopping conduction of localized $E_g$ electrons. The bad-metal character and the weak anisotropy are the consequences of the large effective mass $m_{eff}approx7m_e$ and scattering rate $Gammageq160$ meV of the quasi-particles in the $A_{1g}$ band. There is a pseudo-gap above $T_{MI}=69$ K, and in the insulating phase the gap follows the BCS-like temperature dependence of the structural order parameter with $Delta_{ch}approx42$ meV in the ground state. The MIT is described in terms of a weakly coupled two-band model.
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