Kazakhstan, Azerbaijan and Georgia to set up joint Middle Corridor railway venture

Kazakhstan Temir Zholy, Azerbaijan Railways and Georgian Railway will sign an agreement on key principles of the establishment and functioning of a joint venture to develop the Trans-Caspian International Transport Route, also known as the Middle Corridor.

This was announced by the Kazakh government's press service on Thursday (22 June) after a meeting between their prime ministers, Alikhan Smailov and Ali Asadov, in Baku.

"The agreement setting up a joint logistics company for further development of the Trans-Caspian International Transport Route is a key document. Kazakhstan and Azerbaijan signed it today, and another participatory state, Georgia, is expected to sign the agreement shortly," the press service said.

"The company's main task will be cargo transportation between China and Europe. Maximum simplification of all processes. It took 53 days to transport the cargo by the route in the past, and now the delivery time is cut to 18-23 days," the press service quoted Smailov as saying.

The statement added that the new company will cut the delivery period along the Middle Corridor to 18 days this year, and to 10-15 days later.

The so-called Middle Corridor trade route connects China and Europe via Central Asia, the Caspian Sea, the South Caucasus and the Black Sea before arriving in Eastern Europe. It has gained in importance since the full-scale Russian invasion of Ukraine led to widespread international sanctions on Russia, significantly complicating international trade via the so-called "Northern Corridor" route.

Kazakhstan, Azerbaijan and Georgia are three key nodes on this alternative Middle Corridor route.

source: commonspace.eu with Interfax
photo: AzerNews

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Tens of thousands of people protest in Georgia against "foreign agents" law

Tens of thousands of people protest in Georgia against "foreign agents" law

Tens of thousands of people took to the streets of the Georgian capital Tbilisi on Sunday evening, to protest against a proposed law that would brand most of the country's civil society organisations as "foreign agents" for receiving financial support from overseas sources. With the government defiant, the country appears to be heading for one of its most acute political crisis in decades. The decision of the Georgian Dream government to defy the country’s president, opposition, civil society, and practically the entire international community, by re-introducing a controversial law which will categorise most civil society organisations as “foreign agents” has created a deep rift, with both sides adamant that they will take the issue “to the end” In the last few days, the streets of Tbilisi have been taken over by continuous mass rallies with the slogan “Yes to Europe, No to Russian Law”. Until last night protestors lacked a critical mass, but this has now changed. The protests are led mainly by youth and student organisations. The largely discredited Georgian opposition appears content to support the protests from behind.  So far there have been only a few incidents, but as the number of protestors grows, this can change very quickly. In the meantime, the government will today bring out its own supporters on the streets. The European Parliament last week called for sanctions against Georgian leaders, including the Honorary President and founder of Georgian Dream, Bidzina Ivanishvili. It is unlikely that the European Commission and European Council will do so yet, but this option is now seen not only as a distinct possibility, but as being inevitable if the Georgian government pushes ahead with the controversial law. Events on the ground will determine how fast things will move. Georgia faces difficult parliamentary elections in the autumn, but it seems the current crisis will come to a head before then.

Popular

Editor's choice
News
Tens of thousands of people protest in Georgia against "foreign agents" law

Tens of thousands of people protest in Georgia against "foreign agents" law

Tens of thousands of people took to the streets of the Georgian capital Tbilisi on Sunday evening, to protest against a proposed law that would brand most of the country's civil society organisations as "foreign agents" for receiving financial support from overseas sources. With the government defiant, the country appears to be heading for one of its most acute political crisis in decades. The decision of the Georgian Dream government to defy the country’s president, opposition, civil society, and practically the entire international community, by re-introducing a controversial law which will categorise most civil society organisations as “foreign agents” has created a deep rift, with both sides adamant that they will take the issue “to the end” In the last few days, the streets of Tbilisi have been taken over by continuous mass rallies with the slogan “Yes to Europe, No to Russian Law”. Until last night protestors lacked a critical mass, but this has now changed. The protests are led mainly by youth and student organisations. The largely discredited Georgian opposition appears content to support the protests from behind.  So far there have been only a few incidents, but as the number of protestors grows, this can change very quickly. In the meantime, the government will today bring out its own supporters on the streets. The European Parliament last week called for sanctions against Georgian leaders, including the Honorary President and founder of Georgian Dream, Bidzina Ivanishvili. It is unlikely that the European Commission and European Council will do so yet, but this option is now seen not only as a distinct possibility, but as being inevitable if the Georgian government pushes ahead with the controversial law. Events on the ground will determine how fast things will move. Georgia faces difficult parliamentary elections in the autumn, but it seems the current crisis will come to a head before then.