Bank Of Baku

Freight transportation plan for TITR this year approved -PHOTO

Freight transportation plan for TITR this year approved -PHOTO
# 03 March 2025 17:30 (UTC +04:00)

The meeting of the Working Group of the Legal Entities Union of the "Trans-Caspian International Transport Route" International Association (TITR IA) was held today in Baku, APA-Economics reports.

Delegations from 10 countries participated in the meeting, including representatives from the railway administrations and senior officials of transport companies of the member states of the association.

During the event, it was noted that the Trans-Caspian International Transport Route, also known as the Middle Corridor, has become one of the globally significant freight routes in recent years. It was emphasized that cargo transportation on this route is increasing year by year, and the importance of operational efficiency, the application of digital solutions, and deepening cooperation to ensure rapid cargo flow.

At the meeting the 2024 activity report of the Executive Body of TITR IA and an analysis of freight transportation along the Trans-Caspian route was heard. Participants also discussed amendments to the approved tariff rates for TITR for 2025, a draft agreement on digitalization, as well as draft agreements on organizing feeder connections between Caspian Sea ports and ensuring the loading of feeder vessels.

The parties agreed on the 2025 freight transportation plan for TITR and the measures for its implementation, highlighting the importance of prioritizing container transportation to Europe via the Baku-Tbilisi-Kars railway.

At the end of the meeting, the protocol of the Working Group was signed.

Note that on March 4, the next event of the "Trans-Caspian International Transport Route" International Association – the General Assembly meeting – will be held in Baku.

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