Azerbaijan, ADB explore collaboration on transport infrastructure development

Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev has said that Azerbaijan and the Asian Development Bank (ADB) explored opportunities for collaboration in transport infrastructure, particularly, railways and underground.

The discussions took place during a meeting between Nabiyev and Deputy Director General of the Central and West Asia Department at ADB Xiaohong Yang, Caliber.Az reports, citing the minister’s message on X.

In his post, Nabiyev noted, “We discussed potential support measures from the Asian Development Bank to enhance public transportation in our country.”

The Asian Development Bank (ADB) is a crucial provider of official development assistance for Azerbaijan. Under the country partnership strategy for 2019–2023, ADB initiatives have fostered private sector growth, enhanced public sector efficiency, improved infrastructure, and bolstered human capital. 

This strategy aligns closely with the government's strategic road maps for the national economy and key economic sectors. A new partnership strategy for 2024–2028 is anticipated to be implemented by 2025. As of December 31, 2023, ADB has approved 68 public sector loans, grants, guarantees, and technical assistance, amounting to $4.2 billion for Azerbaijan.

By Naila Huseynova