China interested in creation of transport hub in Azerbaijan (PHOTO)

China interested in creation of transport hub in Azerbaijan (PHOTO)

Baku, Azerbaijan, Oct. 25

By Maksim Tsurkov – Trend:

Railway authorities of Azerbaijan and China have agreed to send five more test container trains via the Trans-Caspian International Transport Route through Azerbaijan, head of the press service of Azerbaijan Railways CJSC Nadir Azmammadov told Trend Oct. 25.

He said the expansion of cooperation between the railway authorities of the two countries continues.

“Chairman of Azerbaijan Railways CJSC Javid Gurbanov held a meeting in China’s Chengdu with director of the city’s municipal port and logistics office, as well as director of the city’s international railway service,” said Azmammadov.

The sides discussed economic opportunities, the export potential of Chinese province of Sichuan, routes for export of goods produced in Sichuan to Europe, as well as opportunities of the Trans-Caspian International Transport Route, Azmammadov added.

The Chinese side expressed its interest in the Trans-Caspian International Transport Route and the desire to create a regional hub in Azerbaijan, given its geographical location.

“The Chinese partners noted that in order to increase trade turnover with such countries as Iran, Turkey and the countries of southern Europe, they are going to organize the shipment of freight trains through Azerbaijan within the ‘One Belt, One Road’ project,” said Azmammadov.

“The project involves using the Trans-Caspian International Transport Route, as well as increasing the number of trains on it,” he added.

Azmammadov said the parties came to an agreement on sending five test container trains via the Trans-Caspian International Transport Route before late 2016, and also decided to hold the next bilateral meeting in Baku.

The agreement to create the Trans-Caspian International Transportation Consortium was signed in April in Baku by the railway authorities of Azerbaijan, Georgia and Kazakhstan.

New competitive tariffs were introduced for the Trans-Caspian International Transport Route on June 1, 2016.

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

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Follow the author on Twitter: @MaksimTsurkov

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