World Bank: Transportation volumes along TITR could triple by 2030

World Bank: Transportation volumes along TITR could triple by 2030

The volume of transportation along the Trans-Caspian International Transport Route, also known as the Middle Corridor, could triple by 2030, reaching 11 million tonnes. A significant part of this cargo turnover is expected to be centered on Kazakhstan. However, certain measures need to be taken to achieve such figures and halve delivery times. World Bank experts presented their research on transforming the corridor in Astana. The identified measures will assist Kazakhstan, Azerbaijan, and Georgia in transforming the route into one of the most reliable in the world. To this end, it is important to ensure seamless services and standards, simplify customs procedures, enhance transparency in transport tariffs, implement information systems to facilitate the transition to electronic documentation for railway transport and Caspian Sea shipping, as well as improve infrastructure. ¤

“So, in the study we did a lot of trade modeling and transportation modeling. So, for example, there are challenges with rolling stock. And the three countries need to acquire more wagons and more locomotives. There are challenges with vessels in the Caspian Sea, there is a need for more vessels that can move containers across the Caspian Sea from Aktau to Baku, there is a need for more equipment that handle and transship the cargo between railway and ports, or railway and road,” Victor Aragones, World Bank Senior Transport Economist, said.