BAKU, Azerbaijan, December 26. Turkic
Investment Fund (TIF) is considering the Trump Route for
International Peace and Prosperity (TRIPP) as one of the potential
projects for investment, General Director of the Fund Ramil Babayev
told Trend in an
exclusive interview.
“In practical terms, in the medium term, we will pursue
investment opportunities along transportation infrastructure that
connect our member states to global markets. Among such
initiatives, which can potentially yield into the projects for
TIF’s participation: China–Kyrgyzstan–Uzbekistan railway, Zangezur
Corridor (TRIPP), and other projects enhancing the capacity of the
Middle Corridor, supporting regional prosperity through investing
in multimodal transportation, are strategic corridors of interest
for TIF,” he said.
Babayev noted that the Fund remains committed to supporting
building a greener future and will consider investments in
renewable energy generation, storage, and transportation
initiatives within the region.
The decision to establish the Turkic Investment Fund was made on
November 11, 2022, at the 9th Summit of the Turkic Council. The
members of the fund are Azerbaijan, Hungary, Kazakhstan,
Kyrgyzstan, Türkiye, and Uzbekistan. The goal of the fund is to
promote the economic development of the member states of the Turkic
Council by expanding regional trade and supporting economic
activity.
The Board of Governors of the Turkic Investment Fund has set the
deadline for the start of project financing by the end of the first
quarter of 2026.
On August 8, during a meeting in Washington with the
participation of the President of the United States, the President
of Azerbaijan, Ilham Aliyev, and the Prime Minister of Armenia,
Nikol Pashinyan, signed a joint declaration. One of the provisions
of the document includes the launch of TRIPP to unblock regional
communications
