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EU continues to support dev't of Baku port - official

Economy Materials 28 June 2021 13:45 (UTC +04:00)
EU continues to support dev't of Baku port - official

BAKU, Azerbaijan, June 28

By Sadraddin Aghjayev - Trend:

The EU continues to support the development of the Baku port, which is part of the TEN-T project, Head of the EU Delegation to Azerbaijan Kestutis Jankauskas told Trend.

“The EU continues to support the Port of Baku (part of TEN-T) to reinforce its capacities in the implementation of a Green Port Concept and to expand the digital platform to connect the whole supply chain along the Middle Corridor, which begins in Turkey and passes through the Caucasus and Central Asia regions and reaches China,” Jankauskas said.

“Azerbaijan already made progress in implementing priority projects identified under the Indicative TEN-T investment action plan and is close to completing the indicative core TEN-T network, which was extended, in March 2019, to Azerbaijan together with other five Eastern Partnership (EaP) countries,” the head of the delegation said.

“To boost connectivity and economic growth in the Eastern Partnership countries, the EU and the World Bank co-authored an Indicative trans-European Transport Network (TEN-T) Investment Action Plan that identifies priority projects in 6 countries,” Jankauskas said.

The projects included in the investment plan will make possible the construction and rehabilitation of new and existing roads, rail, ports, airports as well as logistical centers and border crossing points, the official noted.

The EU is Azerbaijan's largest partner in export and import operations, which accounts for 37 percent of the country's total foreign trade turnover.

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