BAKU, Azerbaijan, September
25. The U.S. is demonstrating its commitment to
the development of the Trans-Caspian Corridor, including through
the creation of and investment in a new legal entity, the U.S.
Chargé d’Affaires ad interim in Azerbaijan, Amy Carlon said at the
2nd Azerbaijan International Investment Forum held in Baku today,
Trend's
correspondent reports from the event.


According to her, U.S. involvement in this project goes beyond
mere support; it entails investment and the creation of conditions
for its future economic viability.


"This truly demonstrates that the U.S. is investing in this
project, as we are actively participating in it. It is not just a
label or an additional form of support. The fact that we are
establishing a new structure, investing in it, and ensuring its
future economic viability underscores our commitment," Carlon
noted.


The diplomat pointed out that the $201 million Trans-Caspian
Enterprise Fund is part of these efforts, focusing on attracting
private investment: "It will facilitate what my colleagues here
have discussed—attracting private interest and investment into this
infrastructure link," she said.


The Chargé d'Affaires also highlighted the roles of the U.S.
International Development Finance Corporation (DFC) and the
Export-Import Bank of the U.S. (EXIM).







She explained that these institutions can utilize instruments
such as loans, guarantees, equity investments, and risk insurance
for American farmers, thereby boosting confidence in making such
investments.


"We’ll undertake the initial risk associated with a project of
this magnitude," Carlon added.


The Middle Corridor is a transport and trade route passing
through a number of countries in the region and connecting Asia
with Europe. It serves as an alternative to the traditional
Northern and Southern Corridors. The route begins in China and runs
through the countries of Central Asia. It then crosses the Caspian
Sea, Azerbaijan, Georgia, and Türkiye, before reaching Europe. The
Middle Corridor is a land route that bypasses longer sea routes,
connecting eastern regions of Asia, including China, with
Europe.