ASTANA, Kazakhstan, February 22. The European Bank for Reconstruction and Development (EBRD) has signed a number of projects in Kazakhstan in 2023 that are contributing to the fluidity of cargo traffic across the country and along the Trans-Caspian International Transport Route (TITR, or Middle Corridor), Trend reports.
As the bank noted, it has been working for many years with key public- and private-sector companies in the region, such as Kazakhstan Railways (KTZ), to improve the efficiency of their operations and optimize transportation patterns.
According to the EBRD, last year alone, the bank supported the expansion of several privately owned operators of rolling stock and logistics centers across Kazakhstan.
The Bank’s funds will be used to increase the efficiency of these dynamic and rapidly developing private companies and will contribute to the greater reliability of the supply and distribution of goods for regional and domestic needs.
The Middle Corridor is a transportation and trade route that connects Asia and Europe, passing through several countries in the region. It is an alternative route to the traditional Northern Corridor and Southern Corridor.
The route starts in China and crosses Central Asian countries such as Kazakhstan, Uzbekistan, and Turkmenistan. It then passes through the Caspian Sea, Azerbaijan, Georgia, and Türkiye before reaching Europe.
The Middle Corridor offers a land route that connects the eastern parts of Asia, including China, with Europe, bypassing the longer maritime routes.