"As you know, we are working on a number of important projects. The total amount of loans and guarantees issued by the Asian Development Bank to Azerbaijan exceeds $3 billion. These funds have helped us invest in infrastructure. We are very grateful to the Asian Development Bank for supporting the numerous infrastructure projects related to the production of electricity, construction of railways and roads, water and sewage," said President of the Republic of Azerbaijan Ilham Aliyev in a videoconference held on the initiative of the Asian Development Bank (ADB) with the bank’s President Masatsugu Asakawa, Vice-President Shixin Chen and other executives of the ADB on June 1, APA reports.
"Of course, we are very grateful to you for your commitment to the implementation of the Southern Gas Corridor project and your support, financial support. I can tell you that the Asian Development Bank was the first major international bank to provide a loan for this project. Your important and timely support also helped us set up a large group of lenders. As you know, the Southern Gas Corridor is very close to completion. Three projects have already been completed. The fourth, the Trans-Adriatic Pipeline, is more than 95 percent through. This is a truly great sign of cooperation.
We are currently working on new projects. I am told that there are some projects in our portfolio related to irrigation and education that will be implemented. All of them are of great importance. I am sure that our cooperation will be continued in the coming years. Your team here in Baku and at your headquarters knows our priorities, i.e. what the priorities for our development are. These are mainly associated with the private sector, issues of infrastructure development, support for small and medium-sized enterprises," said Azerbaijani President
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