Azerbaijan, Turkey, Georgia, Kazakhstan to create joint venture - ednews.net

18 August, Thursday

(+994 50) 229-39-11

Azerbaijan, Turkey, Georgia, Kazakhstan to create joint venture

Economy A- A A+

Railway authorities from countries along the Trans-Caspian International Transport Route (TITR) are planning to form a joint venture called Middle Corridor, Azerinews reports. 

It should be noted that TITR member countries are Azerbaijan, Georgia, Kazakhstan, and Turkey.

 TITR Association Secretary-General Gaidar Abdikerimov stated at the RailFreight Summit that the joint venture will be officially registered in early or mid-2023.

The Middle Corridor will also provide high-quality intermodal transport and logistics services, harmonize cross-border tariffs, and implement a unified IT platform for full automation of cargo transportation services from China to Turkey, according to Rail Expo.

"As part of this joint venture, it is planned to combine the international North-South corridor with Caspian Sea ports, expanding the corridor to Iran and the Arab countries along the Persian Gulf, East Africa and India," the statement said.

Earlier Azerbaijan, Georgia, Turkey, and Kazakhstan signed a quadripartite declaration on “the Trans-Caspian East-West Corridor".

It outlines steps to strengthen the transit potential of the countries participating in this document.

Report a mistake by marking it and pressing Ctrl+Enter

EurasiaDiary © Must be hyperlinked when used.

Follow us:
Twitter: @Eurasia_Eng
Facebook: EurasiaEng
Telegram: @eurasia_diary


Загрузка...