The Middle Corridor is too expensive as a competitive alternative to other transport corridors that connect Europe and China. In an effort to boost the route’s attractiveness, involved countries are now discussing a fifty per cent discount on tariffs along the route. Five countries that are part of the Middle Corridor are currently taking part…
Category: Middle Corridor
Baku-Tbilisi-Kars railway to open for traffic in two weeks
Freight trains will start running along the newly renovated Baku-Tbilisi-Kars (BTK) railway on 20 May 2024. The plan is to turn the line into the main artery of the Middle Corridor and further boost Eurasian rail freight transport, according to Roshvan Rustamov, Chairman of Azerbaijan Railways (ADY). Rustamov mentioned that the works on the Georgian…
The Middle Corridor remains too expensive as an alternative China-Europe route
The Middle Corridor, a multimodal China-Europe freight route through Central Asia, has garnered international interest as a potential alternative to transporting freight through Russia. Illustratively, the EU has allocated 10 billion euros for its development. The corridor remains too expensive to become a route of preference, explains Roland Verbraak, general manager of BTTMultimodalGroup. BTT, a…
CKU line to cost Kyrgyzstan 8 billion dollars
Kyrgyzstan will need to spend 8 billion dollars on the China-Kyrgyzstan-Uzbekistan (CKU) rail line. Funding is the main obstacle to the construction of the route. Kyrgyzstan has not yet been able to find enough money to complete its part of the route. Akylbek Zhaparov, the head of the Kyrgyz cabinet of ministers, provided an update…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
Baku-Tbilisi-Kars railway opens in April after major refurbishment
The Baku-Tbilisi-Kars railway line (BTK), spanning the territories of Azerbaijan, Georgia and Turkey, has been undergoing a major ‘facelift’ since last year. The goal is for the line to regain its past prestige and become a key route extending the Middle Corridor’s rail leg through Turkey to Europe. “We will commence cargo operations soon,” commented […]
After Germany, China is also planning to build a transport hub in Uzbekistan
China is planning to build a transport hub in Uzbekistan. The Chinese logistics company Shenzhen Neptune Logistics announced plans to contribute approximately fifteen million dollars to that end. It is not the first foreign company to take this step, as German company Rhenus earlier announced similar plans. The Chinese investments were announced at a meeting […]
Rail freight volumes between China and Kazakhstan reach record high
Rail freight volumes between China and Kazakhstan have reached a new record in 2023. Volumes grew by 22 per cent in comparison to the previous year. In total, volumes amounted to 28 million tonnes. Representatives of Chinese and Kazakh rail operators presented the new rail freight numbers at a meeting in the Chinese province of […]