Chinese businesses interested in exploiting Turkmen transit

Transport Materials 5 February 2022 12:14 (UTC +04:00)
Chinese businesses interested in exploiting Turkmen transit

BAKU, Azerbaijan, February 5

By Amina Nazarli - Trend:

China Civil Engineering Construction Corporation and China Machinery Engineering Corporation expressed interest in transit cargo transportation through Turkmenistan, Trend reports citing Orient news.

Transit cargo transportation became the subject of discussions between Mammetkhan Chakiev, Director General of the Agency for Transport and Communications of Turkmenistan and some Chinese corporations’ leaderships.

The two Chinese corporations showed willingness in exploiting Turkmen transport channels, delivering railway equipment and machinery, and exchanging shipbuilding technologies.

Representatives of the China Transport and Communications Association were also interested in establishing regular container transportation from China to Europe and Turkey using Turkmenistan’s railways.

Advantageous location near large potential markets, as well as access to railway and multimodal transportation links to support global trade, may create a future opportunity to increase cross-border traffic in Turkmenistan.

Last year, the volume of transit cargo through Turkmenistan increased by 3.5 times.

Back in November 2021, Turkmenistan and Uzbekistan expressed willingness to create favorable conditions for freight transportation along the China-Kyrgyzstan-Uzbekistan-Turkmenistan-Azerbaijan-Georgia-Turkey-Europe route through the Turkmenbashi International Seaport.

Moreover, the Central Asian country is working to join the agreements the Organization for Cooperation of Railways’ agreement on the International Transit Tariff and the Common Transit Tariff.

By joining these agreements, the Turkmen Railways Agency will be able to develop a convenient platform for agreeing on common tariffs, simplify transit along the China-Europe routes, improve the country's transport and logistics system, and expand the geography of rail transit traffic.