BAKU, Azerbaijan, February 5. Azerbaijan's
Deputy Prime Minister Samir Sharifov has revealed the latest
figures on its logistic opportunities at the New Silk Road Forum
organized within the framework of the World Government Summit in
Dubai, the Cabinet of Ministers told Trend.
Sharifov emphasized the crucial role of Azerbaijan at the
intersection of the East-West and North-South transport corridors
in the global supply chain, including the Belt and Road Initiative,
noting its decisive importance for the Middle Corridor.
He noted that by 2025, freight traffic through the Middle
Corridor is expected to rise by 11%, while the North-South Corridor
will see a 12% growth. The official also highlighted that the
modernization of the Baku-Tbilisi-Kars railway allowed the annual
throughput capacity to reach five million tons, and the capacity of
the Baku International Sea Trade Port is targeted to reach 25
million tons. He pointed out that container handling (TEU) at the
Baku Port will increase by 40% by 2025, surpassing 107,000 TEUs
compared to previous years.
Sharifov further mentioned the strategic importance of the
Zangezur Corridor, recently branded as the Trump Route for
International Peace and Prosperity (TRIPP), based on the trilateral
agreement achieved in Washington. He noted that this project not
only creates a reliable land connection between Europe and Central
Asia but also has the potential to ensure a cargo flow of 865,000
TEUs by 2040.
Additionally, the deputy prime minister underscored the
importance of international cooperation, particularly coordination
between Central Asian and South Caucasian countries, for the
digitalization of border crossings and the harmonization of customs
procedures, urging partner countries to engage in joint
efforts.
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