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.
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The 6th Caspian Business Forum, dedicated to the theme 'Connectivity, Finance, and Energy along the Middle Corridor' commenced in New York, organised by the Caspian Policy Centre.
Azerbaijan President Ilham Aliyev has described the Middle Corridor as a “strategic project connecting a vast geography”, while also pledging to accelerate work on the newly launched TRIPP route.
President of the Republic of Azerbaijan Ilham Aliyev conducted a series of high-level meetings at the United Nations headquarters in New York on Tuesday, engaging with prominent international leaders to strengthen bilateral and multilateral ties.
The Iranian President Masoud Pezeshkian and Azerbaijani Deputy Prime Minister Shahin Mustafayev reviewed bilateral relations between the two neighbouring countries official sources said on Tuesday.
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