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Azerbaijan and Kazakhstan have signed an agreement to design and build the Trans-Caspian Fiber Optic Cable Line, which will connect the two countries as part of the Digital Silk Way project.
The document was signed by Emil Masimov, Chairman of the Board of AzerTelecom, and Bagdat Musin, Chairman of the Board of Kazakhtelecom, in attendance of the Prime Ministers of Azerbaijan and Kazakhstan, Ali Asadov and Olzhas Bektenov.
The Trans-Caspian Cable Project, strategically important for the region, involves the construction of a 380 km backbone fiber-optic cable between Sumgait (Azerbaijan) and Aktau (Kazakhstan) along the seabed of the Caspian Sea. This will enable high-capacity data transmission, supporting speeds of up to 400 terabits per second.
The construction will be executed in multiple phases, starting with the assessment of coastal areas and the seabed, followed by the design and production of durable, high-quality cables, and their subsequent transportation and installation.
AzerTelecom and Kazakhtelecom plan to complete the project by the end of 2026.
The interstate agreement “On organization of activities by communication operators of Azerbaijan and Kazakhstan in relation to the joint construction, ownership and operation of fiber optic transmission lines along the bottom of the Caspian Sea on Azerbaijan-Kazakhstan route” was signed between Azerbaijan and Kazakhstan on March 19, 2019.
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The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
Kazakhstan is discussing support for the Trans-Caspian green energy corridor with the European Commission, as work continues on a project to transmit electricity from Central Asia towards European markets, Kazakhstan's Energy Ministry said.
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The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
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