More than 50 million tons of cargo growth is expected along the Middle Corridor, and for this purpose, Azerbaijan is making additional investments, Hikmat Hajiyev, Assistant to the President of Azerbaijan said at the 6th Caspian Business Forum held in New York.
Hajiyev mentioned at the 6th Caspian Business Forum, dedicated to the theme 'Connectivity, Finance, and Energy along the Middle Corridor,' that with a cargo capacity of 25 million tons per year, the Port of Baku is expanding its capabilities.
He said the railway project, which extends from Baku to Zangilan and the Armenian border, has been underway since 2020.
“It's expected to be completed in mid-2026. Work is also underway on the 42km Zangezur section located in Armenia, and our partners from the United States are participating here. The third segment covers Nakhchivan," Hajiyev said.
"Additional investments are being made in this area, and we are inviting other international partners, including European countries, to collaborate. To turn the South Caucasus into a space for cooperation is the main goal," Hikmat Hajiyev said.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening t...
Iran says it is holding “positive” talks with Oman on reopening the Strait of Hormuz to shipping traffic, while an official source familiar with t...
Top Arab and Muslim foreign ministers agreed at a meeting in Amman on Wednesday to establish a mechanism to document alleged Israeli violations in Jer...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 5th of August, covering the latest developments.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
Tehran had made plans to strike sites in Ukraine after Kyiv attacked an Iranian cargo ship in the Caspian Sea, a senior Iranian military adviser has said. Iran refrained from taking action after Kyiv said the strike was a mistake, Mohsen Rezaei told the state IRIB TV channel.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of August, covering the latest developments.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Iran says it is holding “positive” talks with Oman on reopening the Strait of Hormuz to shipping traffic, while an official source familiar with the negotiations has said an “agreement is within reach”.
Top Arab and Muslim foreign ministers agreed at a meeting in Amman on Wednesday to establish a mechanism to document alleged Israeli violations in Jerusalem, urging coordinated international action to protect the city's religious sites.
Pakistan has stepped up flood preparedness after the World Meteorological Organization (WMO) warned that El Niño is expected to strengthen from August, increasing the risk of more extreme weather worldwide as monsoon rains continue across the country.
Afghanistan has launched a five-year national health strategy to strengthen healthcare services as the country faces severe funding shortages, rising humanitarian needs and mounting pressure on its health system.
At least 14 people have been killed and several others injured after lightning struck across the eastern Indian state of Jharkhand, highlighting the dangers of the country's annual monsoon season.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment