Azerbaijan, Baku / Trend corr. I.Khalilova / Varel Freeman, the Vice-president of the European Bank of Reconstruction and Development will visit Baku on 30 October - 1 November, the Baku representative of the Bank reported on 28 September.
The memorandum on mutual understanding on concrete transport projects will be signed during the meeting.
European Bank expresses interest in implementation of the projects directed to development of private sector and regions. The Bank pays great importance on development of transport sector in Azerbaijan. The Bank has already stated about it interest to finance the construction of the Baku-Tbilisi-Kars railway. All these projects have been concluded in the protocol signed between Heydar Babayev and the director of the business-group of the Bank, Olivier Descamps in Kazan in May 2007.
European Bank is ready to participate in financing of the project on transform of the international trade port behind the boundaries of the country to Alat.
European Bank of Reconstruction and Development invested € 125,2mln by 30 June 2007 in Azerbaijan.