Turkey invests $3 billion in railway connection with Azerbaijan

Aug 19, 2025 in Turkey News - 4,911

Key facts:

The Kars–Diluchu highway is under construction (it will connect Nakhichevan with Azerbaijan)
Financing: $2.8 billion from MUFG (Japan), EKN (Sweden), OeKB (Austria), Islamic Development Bank

Effect :
✓ Increased cargo traffic through the Trans-Caspian route
✓ Strengthening trade in the region

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