Aktual mövzular: Dollar alış-satışı , Məzənnə, Hava haqqında, Neftin qiyməti

Turkmenbashi-Baku transport corridor becomes competitive

Turkmenbashi-Baku transport corridor becomes competitive

90 percent of works on Shahdeniz-2 project completed, next year they will come to an end completely (11 January 2017 13:46)
President Ilham Aliyev: We have taken historic steps in area of transport security this year (03 January 2017 14:46)
Mahmoud Vaezi: Iran keen to deepen cooperation with Azerbaijan in all areas (28 December 2016 20:46)

Date: 11 November 2015 17:32

Ashgabat, Turkmenistan, Nov. 11

By Huseyn Hasanov– Trend:

Cargo flows on the Turkmenbashi-Baku railway ferry crossing in both directions are currently double that of the crossing's main competitor on the eastern shore of the Caspian Sea, the Aktau port of Kazakhstan.

This point was raised in the analytical review released on Nov. 11 by the Institute of Strategic Planning and Economic Development under the Turkmen Ministry of Economy and Development.

“Turkmenistan is actively developing promising transport corridors for North-South and East-West [traffic],” the review said. “They [the corridors] are designed to be a reliable bridge of cooperation for the development of trade and economic relations among countries on the Eurasian continent.”

More than a third of foreign goods are transported through the port of Turkmenbashi today, with products coming from Azerbaijan, Russia, Turkey, Ukraine, and other countries. From the Turkmenbashi port, the goods are then exported to countries such as Azerbaijan, Iran, Kazakhstan, and Russia.

The dynamics of cargo and passenger transportation by sea over the last five years is characterized by a 2.2 times increase. The cargo turnover has increased more than sevenfold in the same period, according to the review.

At present, Turkmenistan is involved in a number of major transportation projects, including the upgrade of the Turkmenbashi seaport and the construction of a new international airport in Ashgabat, high-speed highways, and railways.

Large investments are being made to develop all manner of continental communications. Some $2.5 billion was invested in this sector in 2015, twice the volume of investments made in 2014, according to the review.

The Turkmenbashi port is located on the last section of the Trans-Caspian railway, and today, it is linked with another important rail route, the North-South railway.

In addition, the Model Highway project has been jointly launched in Turkmenistan with the International Road Transport Union.

In the future, this project will be compete with other northern routes, as well as those running though Afghanistan and Iran.

Follow us on Twitter @TRENDNewsAgency


Tags:  Turkmenbashi-Baku transport corridor becomes competitive


RƏYLƏR


Top news