Uzbekistan Proposes To Create Favorable Transit Tariffs Along Middle Corridor

7/19/2023 7:18:04 PM

(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, July 20. Uzbekistan has proposed to work on applying favorable transit tariffs along the Trans-Caspian International transport Route (TITR), trend reports.

President of Uzbekistan Shavkat Mirziyoyev has addressed the issue during the summit of the Gulf Cooperation Council (GCC) and Central Asian countries held in Jeddah on July 19.

He pointed out the importance of establishing strengthening trade and transport connectivity with the countries of the Persian Gulf.

“In the field of transport and transit, I would like to propose applying the most favorable tariffs in the Middle Corridor, extensively use the existing multimodal corridors, and increase direct flights through targeted subsidies,” President Mirziyoyev added.

The president also urged Gulf countries to take an active part in the strategic project of Trans-Afghan Railway, which will connect the two regions, pointing out that this route has got the potential to halve transport costs and cargo delivery times.

Meanwhile, according to the EU study, the container traffic via the northern part of TITR, or the so-called Middle Corridor, may reach 270,000 TEUs by 2040. Together with the southern part of TITR, which is expected to see growth of up to 254,000 TEUs, Middle Corridor will provide for the transportation of a total of 1.4 million containers through Central Asia, connecting to Europe by 2040.

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