ECONOMY


Swedish news portal highlights Trans-Caspian International Transport Route project

Stockholm, April 21, AZERTAC

The Swedish news portal Cawa Media has published an article highlighting the Trans-Caspian International Transport Route Middle Corridor project.

The article hailed the quadrilateral statement signed between Georgia, Azerbaijan, Turkey and Kazakhstan aimed at strengthening cooperation and increasing the transit potential of the countries along the corridor, which starts in Southeast Asia and China, passes through Kazakhstan, the Caspian Sea, Azerbaijan, Georgia and further European countries opening new opportunities in the field of transport.

“Secretary General of the Trans-Caspian International Transport Route association (TITR) Gaidar Abdikerimov also confirmed the establishment of a joint venture. According to him, the joint venture is in the making and will be official in early or mid-2023.

Abdikerimov said that such a joint venture would add value the Middle Corridor since it will “facilitate transhipment processes and make the passage through different countries and modalities smoother.

One of the priorities is to increase the competitive advantage of the Baku-Tbilisi-Kars (BTK) railway line in Euro-Asian transport and accelerate the implementation of works to increase the capacity of this line,” the article said.

“This joint venture would provide high-quality intermodal transport and logistics services, harmonise cross-border rates, and introduce a unified IT platform to fully automate cargo transport services from China to Turkey and the Black Sea ports,” the article emphasized.

Rauf Aliyev

Special correspondent

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