WB Views Development Of TITR As Key To Central Asia's Connectivity (Exclusive)
Date
12/9/2024 1:10:22 AM
(MENAFN- Trend News Agency)
ALMATY, Kazakhstan, December 9. The World Bank
considers the development of the Trans-Caspian International
Transport Route (TITR, or Middle Corridor) as one of the most
important directions in the issue of Central Asia connectivity, the
regional projects coordinator of the World Bank's regional office
in Central Asia, Dmitry Petrin, told Trend following a session of
the Eurasian Development bank (EDB) in Almaty, Trend
reports.
"The World Bank considers the development of the Trans-Caspian
International transport Route as one of the most important and
priority areas in the issue of connectivity of Central Asia and
other regions. We have conducted a study on the economic potential
of this route and plan to further detail and expand the economic
analysis of the potential and trade volume in 2025. Of course, we
are ready to support this activity together with other
international organizations if the countries of the region decide
to do so," Petrin said.
According to him, the conducted research demonstrates that the
efficiency and economic attractiveness of the TITR increases
significantly if it is seen not as a purely transit route from
China to Europe but rather as a way to strengthen cooperation
between Central Asian countries in the broad sense of the
word-first of all, between the South Caucasus region and Central
Asia, and between Türkiye and Central Asia, and indeed, within
Central Asia itself.
"From our point of view, this route should be seen not as a
transit route but as an integration project. In this sense, in our
opinion, the coordination of the Central Asian countries is of
fundamental importance to determine together and jointly the most
economically beneficial and economically feasible routes of
transportation arteries, which are now being discussed to ensure
that they do not compete with each other but complement each
other," Petrin said.
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