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Competitive Fare to be Introduced on Trans-Caspian International Route

Competitive Fare to be Introduced on Trans-Caspian International Route

A single competitive rate will be introduced in the framework of the of Trans-Caspian international transport route project from June 1, 2016.

The Trans-Caspian international transport route (TITR), which is designed to provide transport connections between the East and West of Eurasia, will enable the countries to reduce the costs of international cargo transportation. The delegations from Azerbaijan, Kazakhstan, Georgia and Ukraine attended the recent meeting of the TITR members, which mulled further actions to increase the efficiency of the route.

Nadir Azmammadov, spokesman for the Azerbaijan Railways, said that the major topic of discussion was the application of competitive tariffs for the TITR and the internal rules for container transportation on the Dostyk/Altyngel-Aktau-Baku (Alyat)-Batumi route. “We also talked about the work plan of the route,” he added.

The meeting ended with signing a protocol which provides the application of the competitive preferential tariffs on the Trans-Caspian route from China and Central Asia via the Black Sea and Ukraine to Europe. The Azerbaijani delegation included Igbal Huseynov, Deputy Chairman of Azerbaijan Railways, Azad Gasimov, director of ADY Express, Farhad Guliyev, Deputy Chairman of Azerbaijan Caspian shipping company and Vahid Aliyev, Deputy Director of the Baku international sea trade port.

The Coordinating Committee on development of Trans-Caspian international transport route was created in October 2013. Not long ago, in April, an agreement on the establishment of Trans-Caspian international transport consortium between the railway departments of Azerbaijan, Georgia and Kazakhstan was signed in Baku.

Azerbaijan’s ADY Express Ltd. and Logistics company, Kazakhstan’s KTZ Express and Georgia’s Trans Caucasus Terminals Ltd. became the members of the consortium. The Supervisory Council included one representative from each member company. Igbal Huseynov was elected the chairman of the consortium.

Azerbaijan, Kazakhstan, Georgia and Ukraine decided to apply the competitive feed-in tariffs for cargo transportation via the TITR in January, 2016. The Trans-Caspian international transport route runs through China, Kazakhstan, Azerbaijan, Georgia and then to Europe via Turkey and Ukraine. The first test container train on route Shihezi (China)-Dostyk-Aktau-Alat, arrived in Baku international sea trade port on August 3, 2015.

Source: azernews