The European Funding Bank (EIB) has allotted a loan in Azerbaijan for the predominant time to toughen the reach of digital infrastructure within the public sector.
A €43 million loan will fund the building of two unique Files Amenities managed by “AzInTelecom” LLC, which operates below the Ministry of Digital Pattern and Transport. The project’s intention is to boost and increase the accessibility of cloud providers supplied by the impart-owned company.
On December 20, a formal signing ceremony occurred on the administrative place of labor of “AzInTelecom” LLC in reference to the approval of the credit score settlement.
The Vice-President of the European Funding Bank (EIB), Teresa Czerwińska, expressed satisfaction with formalizing the EIB’s first loan toughen to Azerbaijan’s public sector, stating:
“We’re ecstatic to formalise our first loan with Azerbaijan’s public sector. Bettering win entry to to recordsdata and fostering resilient digital transformation are amongst the predominant priorities of the European Funding Bank. This specific investment focusing on the innovation and transparency, will now not finest modernize public administration nonetheless will additionally make contributions to sustainable economic impart and social progress.”
On behalf of Azerbaijan, the contract was as soon as signed by Elkhan Azizov, Performing Chairman of the Board of “AzInTelecom” LLC, who smartly-known that this project will present a vital contribution to the ongoing digital transformation within the nation:
“With the implementation of this project, cloud providers will develop into extra accessible for every microscopic and orderly organizations. This could well dangle a straight clear affect on the reach of the digital ecosystem in Azerbaijan. I’d additionally like to emphasize that every Files Amenities deliberate for building within the Absheron and Hajigabul areas could be constructed essentially based on green technologies.”
It could per chance actually perhaps doubtless also just level-headed be talked about that this initiative aligns with the Financial and Funding Plan (EIP) for the Jap Partnership of the European Union, as successfully as the “Global Gateway” plot. It additionally emphasizes the EU’s dedication to promoting sustainable building and digital transformation within the predicament.
“AzInTelecom” LLC is the largest cloud service supplier in Azerbaijan and the predominant organization within the South Caucasus to receive the internationally infamous “TIER 3” certification for Files Amenities. The company currently gives cloud providers to over 200 public and non-public sector organizations via its Files Amenities positioned in Baku and Yevlakh.
Published On: December 24, 2024
