(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 2. Efforts should be
joined on the development of the Trans-Caspian International
Transport Route (TITR), President of Uzbekistan Shavkat Mirziyoyev
said, as he addressed the Central Asia-EU summit in Kyrgyzstan,
trend reports.
"It is important to unite the efforts of our countries in order
to develop the transport and communication connectivity between
Central Asia and Europe, primarily through so-called Middle
Corridor. This project has been carefully analyzed during a recent
meeting of the European Bank for Reconstruction and Development in
Samarkand," he said.
At the same time, President Mirziyoyev added that,
unfortunately, a coordinated approach to enhancing the
competitiveness of this corridor is still lacking.
"Today, we need tariffs that will be beneficial to businesses
generating the majority of the freight volume. The expansion of
transport, logistics and port infrastructure in line with the
projected increase in traffic is equally important, as well as the
improvement of the technical condition of the roadway. We believe
it appropriate to establish an effective mechanism for utilizing
the potential of TITR. We are talking about regular meetings of
authorized representatives of transport agencies of our countries,"
he noted.
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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