
ADB Backs Plan To Turn Middle Corridor Into Major Economic Route
The Asian Development Bank (ADB) has announced its intention to transform the Middle Corridor into a full-fledged economic corridor, Azernews reports, citing a statement made by Eugene Zhukov, Director General of ADB's Central and West Asia Department, during a panel discussion at the annual meeting of the Asian Infrastructure Investment Bank held in Beijing.
“This means we must ensure the integrated development of transport systems, logistics infrastructure, and business along the corridor, all of which stand to benefit from improved connectivity corridor's development requires coordinated efforts between public and private sectors,” Zhukov emphasized.
Zhukov also noted a sharp increase in freight traffic along the Middle Corridor in recent years.
“In 2024, cargo volume along the corridor has nearly reached 5 million tons - a more than 60% increase compared to the previous year. Container transportation has also seen a dramatic rise, increasing 2.6 times over the same period,” he added.
The Middle Corridor serves as a strategic transport and trade route linking Asia and Europe, traversing several countries in the region. It is increasingly viewed as a viable alternative to the traditional North and South Corridors.
The route begins in China and passes through Central Asian countries such as Kazakhstan, Uzbekistan, and Turkmenistan. It then crosses the Caspian Sea to Azerbaijan and continues through Georgia and Turkey before reaching Europe. The Middle Corridor offers a land-based connection between East Asia - including China - and Europe, avoiding longer sea routes and enhancing efficiency.
As freight and logistics volumes continue to rise, the Middle Corridor is fast becoming a pivotal route for intercontinental commerce, promising to drive regional economic integration and development.
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.
Most popular stories
Market Research

- New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%
- Noveba Brings Apple Pay To Customers
- Mutuum Finance (MUTM) Approaches Next Phase With 14.3% Price Increase After Raising $16 Million
- Cregis And Kucoin Host Institutional Web3 Forum Discussing Industry Trends And Opportunities
- Primexbt Expands Crypto Futures With 101 New Coins, Delivering Best-In-Class Trading Conditions
- BTCC Exchange Announces Triple Global Workforce Expansion At TOKEN2049 Singapore To Power Web3 Evolution
Comments
No comment