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Uniform tariff policy soon to be agreed for cargo traffic on Trans-Caspian route (UPDATE)

Economy Materials 14 January 2016 20:20 (UTC +04:00)
A uniform tariff policy will be agreed by mid-February for cargo traffic via the Trans-Caspian International Transport Route running through Azerbaijan, Georgia, Kazakhstan and Ukraine

Headline changed, Details added (first version posted on 19:37)

Baku, Azerbaijan, Jan. 14

By Maksim Tsurkov - Trend:

A uniform tariff policy will be agreed by mid-February for cargo traffic via the Trans-Caspian International Transport Route running through Azerbaijan, Georgia, Kazakhstan and Ukraine, the Azerbaijan Railways Head Javid Gurbanov told reporters in Baku Jan. 14.

He also informed that a draft protocol was signed by the parties.

"The parties will work through proposals, and a uniform tariff policy for cargo traffic from China to Europe through Kazakhstan, Azerbaijan, Georgia and Ukraine is to be agreed by mid-February," said Gurbanov. "The signing of the protocol means opening of a new route from the Izov station on the border of Ukraine and Poland till the Dostyk station on the border of Kazakhstan and China."

He went on to add that up to eight trains a month will be able to pass via this route.

"This is another step to implement the order of the president to turn Azerbaijan into a transport hub," said Gurbanov. "This will make it possible to increase the cargo flow and the influx of currency into the country."

The Trans-Caspian International Transport Route runs to Europe through China, Kazakhstan, Azerbaijan, Georgia and Turkey.

The first test container train from China arrived at Baku International Sea Trade Port through this route in early August.

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Follow the author on Twitter: @MaksimTsurkov

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