EBRD may join financing of Nakhchivan section of Zangezur Corridor — Azerbaijan’s Minister of Digital Development and Transport

LEIPZIG, Germany, May 6. The European Bank for
Reconstruction and Development is considering the possibility of
participating in the financing of the Nakhchivan section of the
Zangezur Corridor, Azerbaijan’s Minister of Digital Development and
Transport Rashad Nabiyev said at a press conference held on the
occasion of the opening of the International Transport Forum (ITF)
Summit in Leipzig, which is being chaired by Azerbaijan, Trend's correspondent reports from Leipzig.

“We are in close contact with our European partners. Together
with the EBRD, work is ongoing on the preparation of a feasibility
study for the project, which is expected to be completed and
presented to the parties as early as September. The process is
progressing positively, and we may see international institutions
participating in the project,” Nabiyev said, adding that, in
addition to the EBRD, the United States has also shown interest in
the project, particularly within the framework of the TRIPP
initiative.

“The time when we will see the results of this project is not
far off. It is expected that work to bring the corridor’s
infrastructure to an operational state could be completed by 2030,”
the minister said.