By Trend
The investments worth 2.8 billion euros will be spent to complete the construction of five logistics centers, including the sea trade port in Azerbaijan’s Alat, Director-General for Mobility and Transport (MOVE) of the European Commission Henrik Hololei said at a briefing Feb. 19, Trend reports.
These funds will be obtained from various sources, he said.
These are the funds from the Azerbaijani government, international financial institutions, potential participants from the private sector and the funds received within the European Neighborhood Policy, Hololei added.
The project implementation will strengthen communications, increase competitiveness and contribute to the emergence of the most modern sea port in the region, he said.
Azerbaijan intends to fully use its transit potential in the region, Hololei added.
---
Follow us on Twitter @AzerNewsAz
Related News
Azerbaijan-related projects in EU’s Projects of Common Interest list
European Commission hopes to finalize agreement with Azerbaijan in next 2 months
Italy says it won't seek fight with EU, amid talk of government crisis
EU Commission: Euro zone economy to rebound next year, but inflation won't accelerate
European Commission achieves its vision for energy union
