Azerbaijan’s $47m Digital Railway Investment The Asian Development Bank (ADB) has recently approved a $47 million loan to propel Azerbaijan’s rail system into the digital era. The investment is expected to overhaul the Azerbaijan Railways Closed Joint Stock Company (ADY), strengthening its r...
Azerbaijan and EIB Strengthen Railway Safety in Milestone Collaboration In a landmark initiative, Azerbaijan Railways, in partnership with the European Investment Bank (EIB), has successfully concluded a pivotal project aimed at enhancing railway safety and operational efficiency. This collaboration, th...
ADB grant to help develop railways in Central Asia Regional Economic Cooperation countries The Asian Development Bank (ADB) has approved a $2 million regional technical assistance grant to support the development of railways in Central Asia Regional Economic Cooperation (CAREC) countries. “Railways have...
EBRD Board approves €500 million for Trans Adriatic Pipeline The European Bank for Reconstruction and Development (EBRD) Board of Directors have approved a €500 million loan for the construction of the Trans Adriatic Pipeline (TAP), a priority project of the European Union (EU) and the Energy Community....
ADB approves US$400m to modernise Azerbaijan’s North-South Railway Corridor The Asian Development Bank’s (ADB) Board of Directors has approved two loans totalling $400 million to help strengthen Azerbaijan’s railway sector and modernize and rehabilitate the Sumgayit-Yalama rail line, a key link in...
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