Turkmenbashi-Baku transport corridor becomes competitive
Ashgabat, Turkmenistan, Nov. 11
By Huseyn Hasanov- Trend:
Cargo flows on the Turkmenbashi-Baku railway ferry crossing in both directions are currently double that of the crossing's main competitor on the eastern shore of the Caspian Sea, the Aktau port of Kazakhstan.
This point was raised in the analytical review released on Nov. 11 by the Institute of Strategic Planning and Economic Development under the Turkmen Ministry of Economy and Development.
"Turkmenistan is actively developing promising transport corridors for North-South and East-West [traffic]," the review said. "They [the corridors] are designed to be a reliable bridge of cooperation for the development of trade and economic relations among countries on the Eurasian continent."
More than a third of foreign goods are transported through the port of Turkmenbashi today, with products coming from Azerbaijan, Russia, Turkey, Ukraine, and other countries. From the Turkmenbashi port, the goods are then exported to countries such as Azerbaijan, Iran, Kazakhstan, and Russia.
The dynamics of cargo and passenger transportation by sea over the last five years is characterized by a 2.2 times increase. The cargo turnover has increased more than sevenfold in the same period, according to the review.
At present, Turkmenistan is involved in a number of major transportation projects, including the upgrade of the Turkmenbashi seaport and the construction of a new international airport in Ashgabat, high-speed highways, and railways.
Large investments are being made to develop all manner of continental communications. Some $2.5 billion was invested in this sector in 2015, twice the volume of investments made in 2014, according to the review.
The Turkmenbashi port is located on the last section of the Trans-Caspian railway, and today, it is linked with another important rail route, the North-South railway.
In addition, the Model Highway project has been jointly launched in Turkmenistan with the International Road Transport Union.
In the future, this project will be compete with other northern routes, as well as those running though Afghanistan and Iran.