Baku, Republic of Azerbaijan, 1st March 2023 - The Islamic Development Bank (IsDB) President, H.E. Dr. Muhammad Al Jasser, recently held bilateral talks with Azerbaijan's Minister of Digital Development and Transportation, H.E. Mr. Rashad Nabiyev, to discuss the ongoing partnership between IsDB and Azerbaijan in the transport and telecommunication sectors.
During the talks, H.E. Dr. Muhammad Al Jasser expressed his pleasure at the transport sector's significant share in the overall IsDB funding for Azerbaijan. He reaffirmed IsDB's commitment to continue supporting the Azerbaijani government's efforts to develop regional railway initiatives through sovereign and PPP modalities, in line with the country's development priorities.
IsDB's funding for the transport sector in Azerbaijan has already made a significant impact. IsDB has extended US$ 13 million financing for the reconstruction of Alyat Ghazi Mohamed Road Lane, US$ 22 million financing for the reconstruction of the Ujar-Yevlakh Road, and the installation of required safety devices to improve the road's quality. IsDB has also provided US$ 10.4 million in financing to reconstruct the Yevlakh-Ganja Road, which has improved the road's efficiency and contributed to increased road safety for road users.
H.E. Dr. Muhammad Al Jasser praised Azerbaijan's efforts in advancing the digital development and transportation sectors and expressed IsDB's readiness to support Azerbaijan in achieving its digital and transport connectivity targets.
The meeting between H.E. Dr. Muhammad Al Jasser and H.E. Mr. Rashad Nabiyev marks another milestone in the partnership between IsDB and Azerbaijan. IsDB looks forward to continuing its collaboration with Azerbaijan in supporting sustainable and inclusive development in the transport and telecommunication sectors.