The endless conflicts in the Middle East, the Red Sea, the Strait of Hormuz, and the tension that has the potential to increase and increase the importance of the Middle Corridor project. By becoming a junction of new, safe, profitable and fast roads, Azerbaijan can increase the country’s income and create new jobs in the future – historical opportunities have arisen, which should be seized.
Publika.az referring to axar.az reports that these words were said by economist expert Natig Jafargli.
He noted that there are two main conditions for transit cargo transportation – time and tariffs:
“It turned out that the block train that left China on December 30, 2023, arrived in our country on January 11, 2024. The first block train of the year was delivered per apartment in just 11 days, showing the importance and competitiveness of the mentioned corridor – that is, if things are organized correctly, it is possible to beat alternative routes in terms of time. In total, electric cars, construction materials, pipes of various sizes and other products were delivered from China to our country through a block train consisting of 57 wagons. According to the agreement reached, in order to increase the cargo volume and transportation of Chinese goods through the Middle Corridor, in January of this year, 7 block trains of imported products and 2 It is planned to send transit cargo to Europe by block train.
According to official data, the volume of universal containers (TEU) transported in 2023 increased by 24,000 TEUs to exceed 100,000 TEUs in 2023, which is a 30% increase. This growth represents a 77% increase in container imports and a 159% increase in exports – so the potential is huge, it just needs to be worked on.
Time-related indicators can be further improved, and as for tariffs, common agreements with transit countries are needed. According to another official information, ADY will establish “Middle Corridor Multimodal Ltd.” on a parity basis with “Kazakhstan Demir Yolu” SC and “Georgia Demir Yolu” SC in 2023 in order to increase the volume of cargo transportation along the Middle Corridor and attract new cargo. created a joint venture called The joint venture will create a wide opportunity to provide services on the “one-stop” principle, to guarantee the delivery time of goods and to implement an agreed policy on the development of multimodal service in the direction of China-Europe/Turkey-China.
If this enterprise can offer appropriate tariffs, the Middle Corridor will have great potential, otherwise, if inter-agency coordination is weak in this matter, and if a transparent system is not created in the country, we may miss this opportunity…”
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