Logistics and investment cooperation was discussed between Azerbaijan and the Dutch company C. Steinweg Group, Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev said.
The OPEC Fund for International Development has approved a $250 million loan for the Istanbul North Rail Crossing project, marking the largest single financing commitment in the institution’s history.
This year, the World Bank allocated approximately $100 million to develop Azerbaijan's economy, with its program covering support for the Middle Corridor project and digitalization efforts.
Potential investments in the Middle Corridor offer countries in the region the prospect of deeper integration into the global economy, the Director of the Middle East and Central Asia Department at the International Monetary Fund, Jihad Azour said.
During the Consultative Meeting of the heads of state of Central Asian nations and Azerbaijan, Kazakh leader Kassym‑Jomart Tokayev proposed integrating the "TRIPP" route into the Trans‑Caspian International Transport Route within the "C6" format.
Expecting higher freight volumes on the Middle Corridor, Georgia plans to modernise its railway fleet by purchasing 45 electric freight locomotives and 10 passenger trains for 250 million lari.
According to Economy Minister Mikayil Jabbarov, the establishment of peace in the South Caucasus has opened a new economic dimension for the region.
World Bank estimates indicate that in approximately 15 years, cargo delivery from Asia to Europe via the Middle Corridor will take 18-19 days.
The cost of initiatives involving Azerbaijan directly is estimated at $3.2 bln
Six years ago, Azerbaijan's Garabagh Victory laid the foundation for a new geopolitical reality in the region, Azerbaijani President Ilham Aliyev said in his address to the participants of the 5th meeting of the Secretaries of the Security Councils of the member states of the Organization of Turkic States.
Dredging operations in the Azerbaijani sector of the Caspian Sea in cooperation with international partners will begin at the end of 2026, Director General of Baku International Sea Trade Port LLC Eldar Salahov said.
Kazakhstan plans to increase the total capacity of its seaports from the current 21.8 million tons to 30 million tons by 2030, the press service of the Government of Kazakhstan said.
Iran and Oman have reached an agreement to share shipping revenues from the Strait of Hormuz, Islamic Revolutionary Guard Corps (IRGC) spokesman Hossein Mohebbi said.
Construction work on the Trump Route for International Peace and Prosperity (TRIPP) project in Armenia will begin in late 2026 or early 2027, Azerbaijani President Ilham Aliyev said.
The customs authorities of Azerbaijan and Türkiye discussed ways to streamline customs procedures and ensure more convenient and faster cargo transportation along the Middle Corridor.
Georgia's freight traffic reached a ten-year high in June, the country's Ministry of Economy reported.
The development of the Middle Corridor has been discussed between Azerbaijan and the United States, Azerbaijan's Minister of Economy, Mikayil Jabbarov said.
Georgia's authorities have decided to forego foreign ownership of the Anaklia deep-water port project, and will maintain state ownership, Minister of Economy and Sustainable Development Mariam Kvrivishvili said.
Georgia and Kazakhstan discuss advancing the development of the Middle Corridor, the Ministry of Foreign Affairs of Georgia reports.
Yerevan, together with its American partners, Armenia is finalizing the legal preparations for the Trump Route Transport Project (TRIPP)
