BAKU, Azerbaijan, March 14. The Islamic
Development Bank (IsDB) is in talks with Azerbaijan over financing
the reconstruction of the Karabakh irrigation canal, Trend reports.
This was reflected in the report on the Cabinet of Ministers’
activities in 2025, which was discussed at a plenary session of the
Azerbaijani Parliament.
The report on the activities of the Cabinet of Ministers of
Azerbaijan for 2025, discussed during a plenary session of the
Azerbaijani Parliament, notes that agreements were signed in
November 2024 with the Islamic Development Bank Group during the
29th session of the United Nations Climate Change Conference
(COP29) for the “Construction of the Main Irrigation Canal from the
Maiden Tower Reservoir” project.
The project is the first initiative in Azerbaijan’s territories
liberated from occupation to be financed by an international
financial institution with a state guarantee. Under the plan, a
$96.4 million loan agreement was signed on November 14, 2024, with
the IsDB to fund the construction of the main irrigation canal from
the Giz Galasi Reservoir. The project aims to improve water supply
across 252,000 hectares in the Jabrayil District and Fuzuli
District regions and bring 12,620 hectares of new irrigated land
into use.
At the same time, negotiations are underway with the IsDB Group
on financing another major infrastructure initiative, the $436.3
million “Reconstruction of the Karabakh Irrigation Canal” project.
The project is designed to irrigate nearly 115,000 hectares of
farmland and improve drinking and household water supply in nine
districts of the Karabakh region and surrounding areas, including
Mingachevir, Yevlakh, Goranboy District, Barda District, Aghjabadi
District, Aghdam District, Tartar District, Beylagan District, and
Imishli District.
Authorities expect agreements on the project to be signed during
the IsDB Group’s annual meetings scheduled to be held in Azerbaijan
in 2026.
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