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Ashgabat and Bucharest support intensification of trade in Caspian-Black Sea region

Business Materials 4 July 2018 11:13 (UTC +04:00)

Ashgabat, Turkmenistan, July 4

By Huseyn Hasanov - Trend:

The President of Turkmenistan Gurbanguly Berdimuhamedov has received Minister of Foreign Affairs of Romania Teodor Melescanu, Turkmen government said in a statement.

The sides drew attention to the significant potential for diversification and deepening of cooperation.

The energy and transport and communication sectors, where Turkmenistan has taken important initiatives, in particular with regard to the formation of international transit and transport corridors that provide optimal cost-effective routes for freight transportation, were mentioned among the priority areas of the partnership.

Thus, ample opportunities for the activation of mutually beneficial trade and economic relations on the Eurasian continent, in particular between the countries of the Caspian and Black Sea regions, have become available in connection with the commissioning of a new international seaport in the city of Turkmenbashi, which has a state-of-the-art logistics infrastructure, the message says.

The two countries are studying the best routes for the Black Sea-Caspian Sea trade and transport corridor using the advantages of Constanta and Turkmenbashi ports. This refers to the formation of the Eurasian transport corridor. In particular, the State Service of Maritime and River Transport of Turkmenistan has been studying in recent years the possibility of transportation of goods, including liquefied gas to Constanta port.

The supply route involves the use of special containers and runs through the Caspian Sea to Baku (Azerbaijan), and further to Batumi or Poti (Georgia, the Black Sea region) by rail and therefrom to Romania by sea. The opening ceremony of the international seaport was held in the beginning of May in the Pre-Caspian Turkmenbashi City. The cost of the project implemented by Gap Inşaat Company (Turkey) is more than $1.5 billion.

With the commissioning of the Turkmenbashi port, the great opportunities have emerged for sending goods arriving in Turkmenbashi port along the "Silk Road" route from Asia and the Pacific region, further to European countries through the ports of Russia, Azerbaijan and Iran. The port complex includes a common loading terminal, bulk cargo terminal, polypropylene terminal, as well as shipbuilding and ship repair docks. The road with flyover junctions has also been built, and the railway tracks have been laid. The project is developed in accordance with the international Greenport standard. The annual intake capacity of the port will be 17-18 million tons. Together with the previously operating port, this figure makes up 25-26 million tons. The international ferry and passenger port can serve 300,000 passengers and 75,000 trailers per year. The container terminal has an average annual capacity of 400,000 TEU.

Multimodal Logistics Park provides a range of services for storage and the combined handling of containers and cargo delivered by air, road and rail transport, providing their transshipment onto water transport and vice versa.

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