
ADB Backs Azerbaijan's Baku Metro Expansion With Key Technical Support Project
The project, financed by the Technical Assistance Special Fund, is valued at $225,000.
The aim of the project is to review existing and upcoming detailed designs and other documents, enhance the project's implementation capacity to facilitate institutional changes that strengthen sector management, and provide support for acquiring knowledge on ADB's safeguards, procurement, and other project requirements.
The project aligns with the ADB's country partnership strategy for Azerbaijan for the period from 2025 to 2029, which aims to improve sustainable urban transport. As stated in the strategy, it focuses on infrastructure improvement and human capital strengthening through knowledge exchange. Additionally, the technical support is consistent with the key components of the Greater Baku Green Transport Program.
ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members-49 from the region.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Algofusion 5.0: Inside Algofusion 5.0'S Latency Engine For Execution Precision
- Currency Taps AI To Scale Smarter, Faster, Starting With Compliance
- Meme Coin '$SATOSHI' Heralding The Return Of Satoshi Nakamoto's Vision Launches First Presale
- Snail, Inc. Announces Intent To Explore Proprietary USD-Backed Stablecoin
- Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement To Initiate Sui Treasury Strategy
- Xdata Group Launches Comcora: A Customizable White-Label Baas Solution For Banks And Fintechs
Comments
No comment