Astana, Kazakhstan (Ports Europe) February 13, 2024 – A pool of investment projects worth more than $31 billion in the fields of railway, sea, aviation and road transport has been set up by Kazakhstan.
According to the Deputy Minister of Transport Talgat Lastaev, about $40 billion is needed for the transport infrastructure in the next few years to implement all pending projects, including increasing the transit capacity of the country. The aim is to turn Kazakhstan into a key hub on the Trans-Caspian International Transport Route (TITR, Middle Corridor).
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Trans-Caspian International Transport Route
The Middle Corridor combines the countries participating in the new Silk Road project and important players of the region. Its members are maritime and transport companies from Kazakhstan, Azerbaijan, Georgia, Ukraine, China and Turkey.
The organisation aims to popularise the corridor, and accelerate and simplify cargo transportation procedures between Asia and Europe. Between East and West, in terms of cargo, the Middle Corridor helps to compete with the north-south routes.
TITR allows European companies to bypass Russia, which is under Western sanctions. The importance of this route was underlined by the inclusion of Georgia and Azerbaijan in the EU TEN-T network.
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