The corridor, which goes through Azerbaijan to Armenia and further to European destinations, has also great potential with respect to the volume of cargoes, President of Azerbaijan Ilham Aliyev said during the panel discussion titled “Open Corridor Policy? Deepening Trans-Caspian Cooperation” held in Munich as part of the Munich Security Conference, APA reports.
“Investments are already there. Regional connectivity projects include not only railroads but also fiber optic. We are now working closely with our Central Asian partners on building the fiber optic cable under the Caspian Sea, which should be ready this year, and also thinking about new opportunities after peace with Armenia has been achieved. The corridor which goes through Azerbaijan to Armenia and further to European destinations has also great potential with respect to the volume of cargoes. Azerbaijan is now investing in railroad construction on its territory,” the head of state noted.
The President of Azerbaijan stated that the total length of the railroad to be constructed and renovated is 600 kilometers on Azerbaijani territory in both parts of Azerbaijan, in the mainland and the Nakhchivan exclave: “So as soon as it is done, we will have two extensions of the Middle Corridor going through Azerbaijan, and this will be to the benefit of the West, the East, and, of course, the countries which are situated in the South Caucasus.”
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