BAKU, Azerbaijan, February 8. Attracting
private investment is essential for advancing transport
infrastructure and ensuring the long-term sustainability of the
Trans-Caspian International Transport Route (TITR, also known as
the Middle Corridor), an EU-funded meta-analysis stated, Trend reports.
The study noted that, beyond providing capital, private actors
contribute efficiency, innovation, and operational discipline that
can significantly improve the quality and reliability of transport
services.
In particular, the engagement of European and other
international businesses can bring valuable market experience,
innovation capacity, and exposure to best practices in sustainable
logistics, green technologies, and digitalization.
"To unlock this potential, governments and regional institutions
should strengthen policy frameworks that facilitate public-private
partnerships (PPPs) and reduce investment risks. This includes
establishing transparent procurement processes, harmonizing
regulatory standards, and developing clear mechanisms for cost
recovery and revenue sharing.
By creating predictable and attractive conditions for investors,
countries along the TITR can encourage deeper engagement from both
local and international firms, accelerate the implementation of
critical projects, and foster the emergence of a modern, resilient,
and interoperable transport network across the region," the study
says.
The Middle Corridor is a transport and trade route passing
through several countries in the region and connecting Asia with
Europe. It serves as an alternative to the traditional Northern and
Southern corridors.
The route begins in China and passes through Central Asian
countries such as Kazakhstan, Uzbekistan, and Turkmenistan. It then
crosses the Caspian Sea, Azerbaijan, Georgia, and Türkiye before
reaching Europe. The Middle Corridor is a land-based route that
bypasses longer maritime paths, linking eastern parts of Asia,
including China, with Europe.
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