The European Bank for Reconstruction and Development (EBRD) is currently exploring opportunities to boost Azerbaijan’s port infrastructure, said Odile Renaud-Basso, president of the European Bank for Reconstruction and Development (EBRD), in an exclusive interview with APA-Economics.
"We see that international carriers are increasingly looking to diversify their transit routes, with demand for transport through the middle corridor increasing significantly. EBRD is actively supporting its clients, private or sovereign, involved in linking Central Asia to the Caucasus. Be it a storage facility near Baku, port infrastructure in Georgia, or railways in Kazakhstan.
Recently, EBRD financed a 5,000-tonne storage facility in Azerbaijan to boost the country’s transit capacity. On the other side of the Caspian, the Bank recently committed to invest up to the US $100 million in Kazakhstan railways, including for modernization of railway freight routes. We are also currently exploring the opportunities to boost Azerbaijan’s port infrastructure within the framework of the EU Flagship Initiatives," Odile Renaud-Basso stated.
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