Kazakhstan, Azerbaijan, and Georgia will create a major logistics company. The new agreement between the countries will change the approach to transportation along the Trans-Caspian International Transport Route (TITR).
“The main task of the company will be to carry out cargo shipments between China and Europe. This will simplify all processes as much as possible. Previously, cargo delivery would take 53 days, today it is reduced to 18–23 days. The activities of the new company will definitely reduce the delivery time to 18 days this year, and to 10–15 days in the coming years,” Marat Karabayev, Minister of Industry and Infrastructure Development of the Republic of Kazakhstan, told reporters.
“The parties to the project have approved and are successfully implementing a joint development plan for the route for 2022–2027. We are also seeking to expand cooperation with Georgia to develop routes across the Caspian Sea and the Black Sea,” Alikhan Smailov, Prime Minister of Kazakhstan, stated.
“Currently, we are investing considerable funds in the railroad modernization. We have other important projects planned in this direction. Primarily, we are working on the construction of a new port,” Irakli Garibashvili, Prime Minister of Georgia, announced.
Successful implementation of the project will increase the interest of China, Central Asian and European countries in the Trans-Caspian route.
Source: trans.info