Turkmenistan's Investment in Trans-Caspian Transport Corridor: A Bridge for Sustainable Trade
Key Ideas
  • Turkmenistan has invested over $15bn in infrastructure projects for the Trans-Caspian transport corridor since 2015, focusing on roads, railways, airports, and the Turkmenbashi seaport.
  • A round table meeting in Brussels discussed the potential of the EU Global Gateway initiative and the Trans-Caspian corridor in fostering sustainable transport links between Europe and Asia.
  • Turkmenistan's modernized infrastructure, including upgraded railways and the Turkmenbashi seaport with a capacity for 25 million tons of cargo annually, sets the stage for accelerated transit and trade.
  • The Trans-Caspian Corridor is seen as critical for enhancing regional trade, stabilizing supply chains, and promoting economic growth and sustainability through investments in renewable energy sources like hydrogen, solar, and wind power.
Turkmenistan has made significant investments in the Trans-Caspian transport corridor, totaling over $15bn since 2015. The development includes crucial infrastructure projects such as roads, railways, airports, and the Turkmenbashi seaport, which commenced operations in 2018 with a substantial $1.5bn investment. A recent round table meeting in Brussels brought together high-level participants to discuss the EU Global Gateway initiative and the strategic importance of the Middle Corridor in fostering sustainable transport links between Europe and Asia. The Trans-Caspian Corridor, connecting China to Europe, is highlighted as a key route for enhancing regional trade and stabilizing supply chains amidst global uncertainties. Participants emphasized the corridor's potential to boost economic growth and sustainability through investments in renewable energy sources like hydrogen, solar, and wind power. Turkmenistan's Ambassador to Belgium reiterated the country's commitment to the corridor, showcasing the modernized infrastructure, including upgraded railways and the Turkmenbashi seaport with significant cargo-handling capacity. The completion of the Ashgabat-Turkmenabat expressway's second phase and plans for further expansion of transport infrastructure demonstrate Turkmenistan's dedication to facilitating trade and regional connectivity. The consensus reached at the round table underscores the critical role of the Trans-Caspian Corridor in strengthening trade and economic ties between Europe and Asia, with a focus on sustainable and resilient transport networks.
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