(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 2. The Trans-Caspian
International Transport Route [Middle Corridor] has gained
strategic importance recently, President of Kazakhstan
Kassym-Jomart Tokayev said, trend reports.
He made the remark at the Central Asia-EU summit held in
Kyrgyzstan today.
"We invite European partners to take a very active part in the
development of ports of the Caspian Sea, the digitalization of
their activities, as well as the joint production of transport
vessels and the creation of logistics warehouses. The development
of reverse cargo transit along the Trans-Caspian route is an
additional opportunity for European exporters," he said.
President Tokayev noted that Kazakhstan is ready to work
together with European partners to link TITR with the
Trans-European Transport Network (TEN-T) and the "Global Gateway"
initiative.
"The European Bank for Reconstruction and Development estimates
that the Middle Corridor will further expand its annual capacity to
250,000-300,000 containers by 2030. To achieve these targets, we
are working to introduce digital solutions and upgrade
infrastructure. A relevant roadmap for the simultaneous elimination
of bottlenecks and development of this route through the
territories of Kazakhstan, Azerbaijan, Georgia and Turkey has been
signed," the president said.
As the joint EBRD-EU study says, the total investment required
to significantly improve the capacity of the Middle Corridor is
estimated at approximately 18.5 billion euros.
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