(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 27. Construction of
a new container terminal will be launched at the Baku port, said
the Head of the Strategic Planning and Development Department of
Baku International Sea Trade Port (BISTP) CJSC Khudayar Hasanli at
a regional event in Georgia in connection with the Middle Corridor,
Trend reports.
BISTP will expand its activities through increased transshipment
of container cargo.
"In the second half of 2024, development of a container terminal
will commence in the Baku port, which will also be used for
container transportation between the Baku port and the Georgian
ports," he noted.
According to him, these efforts are related to the expansion of
the Middle Corridor international transportation route.
“To develop the Middle Corridor, infrastructure facilities must
be improved. Our container transportation capacities will rise,
since if the infrastructure is insufficient, then digitalization
and other advances won't help attract more cargo from China,”
Hasanli added.
BISTP can presently handle 15 million tons of freight each year,
including 100,000 TEU containers. After the second stage of port
expansion is completed, it will be capable of handling up to 25
million tons of cargo annually, including 500,000 TEU
containers.
The Middle Corridor has been operational since February 2014,
with active participation from the transportation entities of
Azerbaijan, Kazakhstan, and Georgia. Ukraine, Romania, and Poland
are also involved in the project, and the corridor with a unified
tariff transports goods between China and Europe.
In 2023, the Middle Corridor moved 2.75 million tons of freight,
up 86 percent from 2022.
Stay up-to-date with more news on Trend News Agency's
WhatsApp channel
MENAFN27022024000187011040ID1107905466
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.