Turkmenistan's Prioritizes Growing North-South And West-East Corridors - President
Date
9/25/2024 9:19:02 AM
(MENAFN- Trend News Agency)
ASHGABAT, Turkmenistan, September 25. The most
important task for Turkmenistan is to expand the infrastructure of
transport and transit corridors in the directions of North-South
and West-East, President Serdar Berdimuhamedov said at a meeting of
the People's Council, Trend reports via Turkmenistan's official
media.
“Our priority is to expand the infrastructure of transport and
transit corridors along the North-South and West-East routes. Here
we are doing everything necessary to develop the transport corridor
China-Kazakhstan-Turkmenistan-Iran and increase the volume of cargo
transportation,” the head of state said.
The President also noted that an important role is playing in
the formation of an international multimodal transport corridor
from the Asia-Pacific region to Europe.
“Comprehensive reforms are being implemented in the transport
and communication sector of the country, including those designed
to promote the revival in a new format of the ancient trade route -
the Great Silk Road. At the same time, efforts are being made to
intensify passenger and cargo transportation by all types of
transport to fully utilize the international transport and transit
potential,” he said.
According to the head of state, in this context, the country
cooperates with a number of major international organizations,
including the UN, which confirms Turkmenistan's aspiration to
become an important hub in the global transportation network.
To note, Turkmenistan actively participates in the development
of North-South and West-East transport corridors, which increases
its role in regional logistics. Turkmenistan, together with Russia,
Kazakhstan, and Iran, signed a roadmap in July 2024 to promote the
eastern branch of the North-South corridor. The initiative aims to
increase the capacity of the corridor to 15 million tons per year
by 2027 and 20 million tons by 2030.
The corridor is designed to provide efficient multimodal
transport routes linking the Indian Ocean with the Caspian and
Baltic Seas, significantly reducing transit costs and time compared
to traditional routes.
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