BAKU, Azerbaijan, October 29. The European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY) have signed a Memorandum of Understanding to establish the Transatlantic Resilient Infrastructure Alliance (TRIA), Trend reports via the EIB.
This new platform aims to enhance infrastructure financing in low- and middle-income countries by fostering engagement with the private sector.
The alliance will create a collaborative framework for key stakeholders, including banks, institutional investors such as pension funds and asset managers, and industry leaders from both the US and Europe. Together, they will work to develop sustainable financing options, advance priority projects, and promote resilient infrastructure, contributing to a sustainable future.
TRIA will leverage the EIB's extensive experience in financing infrastructure investments while facilitating dialogue with European and US businesses committed to global sustainability goals.
Under the terms of the MoU, EIB senior staff will hold regular meetings with leaders from EACCNY member companies and associated organizations. These discussions will aim to enhance understanding of the financing needs and opportunities in infrastructure projects across developing countries. The alliance members will collaborate to identify gaps in existing financing mechanisms and explore potential solutions.
Follow the author on X: @Lyaman_Zeyn