EIB Allocated First Loan to Azerbaijan’s Public Sector
The European Investment Bank (EIB) has allocated a loan in Azerbaijan for the first time to support the development of digital infrastructure in the public sector.
Azerbaijan, 31st Dec 2024 – The European Investment Bank (EIB) has allocated a loan in Azerbaijan for the first time to support the development of digital infrastructure in the public sector.
A €43 million loan will fund the construction of two new Data Centers managed by “AzInTelecom” LLC, which operates under the Ministry of Digital Development and Transport. The project’s goal is to expand and enhance the accessibility of cloud services provided by the state-owned company.
On December 20, a formal signing ceremony took place at the administrative office of “AzInTelecom” LLC in connection with the approval of the credit agre...