Azerbaijan to present its draft for Second Investment Forum TRACECA

Business Materials 11 May 2011 12:29 (UTC +04:00)

Azerbaijan, Baku, May 11 / Trend E.Ismayilov /

Azerbaijan will present an investment project for the second investment forum at a meeting of the Regional Working Group, to be held in Tbilisi on May 20 as part of the TRACECA "Idea-transport corridor", TRACECA National Secretary from Azerbaijan Akif Mustafayev said.

The Forum is scheduled for late 2011 - early 2012.

Mustafayev said the main objective of the "Idea-transport corridor" project is to define prioritization and evaluate investment projects proposed by the countries for the Second Investment Forum TRACECA.

The working group meeting will be attended by one expert from Azerbaijan, Georgia, Armenia and Turkey. Azerbaijan intends to present a project on the modernization of the Azerbaijani section of the Baku-Georgian border railway, proposed by the Azerbaijani Transport Ministry, he said.

The presentation is necessary with a view to inform the participants about the project and the rationale for its inclusion in the list of investment projects which will be presented at the forum.

"This section is the central segment of the TRACECA corridor," Mustafayev said.

The meeting will also review and evaluate investment projects by other countries.

Mustafayev said the first regional meeting devoted to this project was held in April in Almaty and attended by representatives of the Asian countries. The second regional meeting will be held in Kiev on May 11, which will be attended by Ukraine, Moldova, Bulgaria and Romania.

TRACECA (Transport Corridor Europe-Caucasus-Asia) is an international transport cooperation program between the EU and its Partner countries in Eastern Europe, South Caucasus and Central Asia.

It has a permanent Secretariat in Baku, Azerbaijan. The cooperation framework covers the areas of maritime transport, aviation, road and rail, transport security and transport infrastructure.

Currently, TRACECA member countries are Azerbaijan, Bulgaria, Georgia, Kazakhstan, Kyrgyzstan, Armenia, Moldova, Romania, Tajikistan, Turkey, Turkmenistan, Ukraine and Iran.