TransCaspian 2007

Azerbaijan
2007-05-16

Azerbaijan is situated on the crossroad of the Europe-Caucasus-Asia corridors such as the “Great Silk Route” and “North-South”; borders on Iran in the South, on Turkey in the South-West, on Georgia in the West, on Russia in the North and is washed by the Caspian Sea in the East. In the last years there were created conditions for increasing of freight traffic volume, development of technical fitting of transport sector, reconstruction and building of rail and road magistrals and bridges, repair of railway vehicles, ships, floats, port installations. These works were executed in accordance with projects of TRACECA for account of credits of World Bank, European Bank of Reconstruction and Development, Kuwait Fond and other financial institutions. In the frame of TRACECA projects in Azerbaijan Republic all transit cargo transportation were released from taxes to added coast, there is sustained reduced tariff for railway transportation in the territory of Azerbaijan Republic, anticipating their reduce for 50%. Port expenses in Baku International Sea Trade Port are lower for 3-4 times than in other Ports of Caspian and Black Seas. As a result of exceeding the volume of oil and oil-product transportation by railways, there exists the importance in increasing and modernization of locomotive parks and obtaining the new tank-wagons. There is realized Azerbaijan-Kazakhstan Project of creation of the Corn (seed) terminal in Baku, turnover of which is calculated for 500 thousand tonne of seed, which allows to use it not only for the delivery of Kazakhstan seed to Azerbaijan, but also for organization of transit delivery


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