Almaty, Kazakhstan (PortSEurope) January 27, 2020 – The Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, has held a working group in Almaty to review activities.
At the event, Chairman of the Management Board, Sauat Mynbayev, of Kazakhstan Railways was reelected as a Chairman of Managing Board.
In a review of 2019, it was announced that there was a significant increase in container traffic transported along the TITR route to 26,000 TEU containers, up 70% on 2018. The key driver for increasing container traffic through TITR was the launch of a new feeder service in the Caspian Sea between the ports of Aktau and Baku in April 2019.
The TITR transportation plan for 2020 targets increasing the volume of container traffic to 35,000 TEU.
Also, at the event, Aktau Marine North Terminal LLP (Kazakhstan) and Xi’an Continental Bridge International Logistics Co., Ltd. (China) were accepted as the associate members of TITR.
Aktau Marine North Terminal LLP was founded in 2014 with the aim of increasing the growth of export-import and transit transportation of products of Kazakhstan and Central Asia, through the port of Aktau to the countries of Transcaucasia region, the Persian Gulf and the Russian Federation.
Xi’an Continental Bridge International Logistics Co., Ltd. was established in 2012. The founders of the company are the Administrative Committee of Xi’an International Port Area and Port Lianyungang Group LLC.
The Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, combines the countries participating in the new Silk Road project and important players of the region. Its members are leading maritime and transport companies from Kazakhstan, Azerbaijan, Georgia, Ukraine, China and Turkey. The organisation aims to popularise the middle corridor, accelerate and simplify cargo transportation procedures between Asia and Europe, and make special preferential tariffs. Between East and West, in terms of cargo, the middle corridor helps to compete with the north-south routes.
TITR allows European companies to bypass Russia, which until now sanctions the transit of certain types of goods through the country. A number of Russian entities are under sanctions from the international community following Russia’s annexation of the Crimea in 2014. The importance of this route was underlined with the inclusion of Georgia and Azerbaijan in the European Union (EU) TEN-T network.
Copyright (C) PortSEurope. All Rights Reserved. 2019.
https://www.portseurope.com/trans-caspian-international-transport-route-holds-working-session-in-almaty/