Azerbaijan eyes expanded public-private synergy in cross-border infrastructure projects

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Azerbaijan aims to expand public-private partnerships (PPPs) in cross-border infrastructure projects, Deputy Minister of Economy of Azerbaijan Samad Bashirli said, Trend's correspondent reports from the event.

He made the remark at the panel titled "Cross-Border Infrastructure PPPs for Regional Connectivity" organized within the framework of the 51st Annual Meeting of the Islamic Development Bank (IsDB) Group in Baku.

"The role of PPPs in cross-border infrastructure projects to ensure regional integration and sustainable prosperity is increasingly growing," he explained.

"The theme of this year's meeting, 'Regional Integration for Sustainable Prosperity', is extremely relevant. The global economy is currently facing complex challenges such as infrastructure financing gaps, supply chain fragmentation, climate risks, digital transformation, and the growing demand for sustainable connectivity. In such a context, regional infrastructure is no longer just a matter of transport, energy, or logistics. Infrastructure is a key pillar of trade, investment, industrial cooperation, food and energy security, as well as inclusive economic growth," he noted.

Bashirli emphasized that there are great opportunities for expanding PPP projects in the future in the areas of transport corridors, renewable energy, water security, logistics hubs, climate-resilient infrastructure and digital connectivity.

Source: Wikipedia