Baku:The European Investment Bank (EIB) is exploring potential investment opportunities in Azerbaijan’s transport connectivity sector, with a particular focus on the Nakhchivan railway project. This was revealed by Stella Renita, Head of the EIB Group Regional Representation for the South Caucasus, during a panel discussion at the Azerbaijan-European Union Business Forum.
According to Azeri-Press news agency, Renita indicated that the bank is currently evaluating specific projects aimed at enhancing regional connectivity within Azerbaijan. The Nakhchivan railway project is one of the key initiatives under consideration.
Renita highlighted that the EIB’s interest in regional connectivity extends beyond just transport infrastructure, as they are also examining projects in energy and digital connectivity. Notable projects being considered include the Black Sea Digital Connectivity Project and the Caspian-Black Sea Green Energy Corridor.
Additionally, Renita mentioned that EIB representatives are set to participate in the presentation of the feasibility study for the Green Energy Corridor project, further underscoring the bank’s commitment to exploring a diverse range of connectivity projects in the region.