MIDDLE CORRIDOR

The implementation of the Zangezur Corridor project will expand the capacity of the Middle Corridor by 8-10 million tons per year, said Rahman Hummatov, Deputy Ministry of Digital Development and Transport of Azerbaijan, Trend reports.

He made the remark during a presentation of the Middle Corridor study compelled by the World Bank held today in Tbilisi, Georgia.

The Trans-Caspian International Transport Route (TITR, or Middle Corridor) is a green route, Kazakh National Economy Minister Alibek Kuantyrov said during the panel session "A New Dawn for Eurasia" at the World Economic Forum in Davos, Trend reports.

Kazakhstan is working to develop its section of the Trans-Caspian International Transport Route (TITR, or Middle Corridor), Trend reports.

According to official figures, 2.5 million tons of goods were transshipped through the seaports of Aktau and Kuryk along the TITR route in 11 months of 2023, a 107 percent increase over the previous year.

In 2023, Kazakh oil was carried along the Middle Corridor for the first time.

Azerbaijan is currently awaiting Armenia’s response to Baku’s comments on the latest draft of the peace proposal, Elchin Amirbayov, Azerbaijan's Presidential Representative for Special Assignments, said in an interview with The Guardian, Trend reports.

The Minister of Industry and Infrastructure Development of Kazakhstan, Marat Karabayev, introduced to the Minister of Transport and Digital Development of Azerbaijan, Rashad Nabiyev, the draft road map for the development of the Trans-Caspian International Transport Route (TITR), which is planned to be signed by its participants.

Kazakhstan accounts for 80 percent of the transit land shipments along the China-Europe route, Kazakhstan's President Kassym-Jomart Tokayev said during his meeting with Germany's President Frank-Walter Steinmeier in an expanded format, Trend reports.

The creation of a joint venture for the Middle Corridor is being discussed by the railway departments of Azerbaijan, Georgia, Kazakhstan and Türkiye, Trans-Caspian International Transport Route (TITR) Secretary General Gaidar Abdikerimov told Trend.

According to him, work on the creation of a joint venture is in progress, and intensive negotiations are underway between the participating countries of this initiative.

Uzbekistan intends to open its own terminal at the Baku International Sea Trade Port, Deputy Minister of Transport of Uzbekistan Abdusamat Muminov told Trend in an exclusive interview.

“This terminal will function both for sugar transportation to Uzbekistan and for our export supplies. We want to use public-private partnership for this, so that Uzbek entrepreneurs invest in the development of the infrastructure of the port of Alat for further use”, he said.

The visit of James Cleverly, Secretary of State for Foreign, Commonwealth and Development Affairs of the UK, to Kazakhstan led to several thought-provoking developments, which have far-reaching consequences for a number of states. During the visit, some interesting comments were made regarding the view of the UK on the future of the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. Additionally, a matter of diversification of oil exports from Kazakhstan via Azerbaijan was also discussed.

The Middle Corridor (Trans-Caspian International Transport Route) plays an important role in the transportation of goods from China to Europe across the countries participating in the route against the background of the COVID-19 pandemic and the geopolitical situation, Logistics Director of the Turkish Albayrak Group of Companies Harun Oncu told reporters, Trend reports on November 14.

According to Oncu, geo-economic changes and current realities require the creation of new, alternative routes.