Azerbaijan considers raising BSEC funds

Business Materials 30 September 2014 10:32 (UTC +04:00)

Baku, Azerbaijan, Sept. 30

By Huseyn Valiyev - Trend:

Funds can be drawn through the Organization of the Black Sea Economic Cooperation to implement the construction project of an alternative route of the Trans-Eurasian Information Super Highway (TASIM), a source in the telecommunications market of Azerbaijan told Trend Sept. 29.

An alternate route [the third one] previously proposed by the World Bank is envisaged in the direction of Turkmenistan, the statement says.

The new route also has an outlet to China with an opportunity to reach the East Asian countries (Indonesia, Vietnam, etc.), having great demand of Internet capacity.

The TASIM project involves countries such as Russia represented by Rostelecom, Kazakhstan (KazTransCom), Turkey (TurkTelecom), China (China Telecom). Azerbaijan is represented by the Center of International Relations and Calculations Ministry of Communications and High-Technologies.

"A special project development support fund is operating under BSEC," the statement says. "The fund may provide financial support for the construction in case of a joint statement of all three BSEC member-states (Azerbaijan, Turkey and Russia) which are members of TASIM project."

TASIM project will acquire special significance in the next years as a result of the development of fourth generation networks (4G). This will increase the Internet traffic turnover fivefold, the expert said.

TASIM project aims to reduce poverty, accelerate economic growth, and can also play a leading role in the development of the region. Its implementation will eliminate the "information gap" between Western Europe and the Pacific.