Turkish CEO details agenda for Nagorno-Karabakh projects

Turkish contractors will play an important role in reconstruction projects in the disputed region of Nagorno-Karabakh, which will facilitate smoother trade routes internationally.

State-run Anadolu news agency quoted PASHA Bank CEO Cenk Eynehan on Sunday as saying Azerbaijan was seeking out the experience of Turkey’s construction sector for rebuilding the recently reclaimed territories in Nagorno-Karabakh from Armenia. 

Last September, Azerbaijan and Armenia fought a 44-day conflict that saw the former,, with Turkey’s support, recapture large chunks of Nagorno-Karabakh before a Russia-brokered truce took hold. 

According to Eynehan, Azerbaijan has already directed $1.3 billion to these projects and he anticipates more funding in later years. He said that his bank will contribute financing to projects like the 100-kilometer (62-mile) Fuzuli-Shusha motorway and Fuzuli Airport. These would expand trade beyond the region to countries like China as well. 

"We believe that the economic and strategic cooperation between the two countries will become stronger for the prosperity and future of the region," Eynehan said.