BAKU, Azerbaijan, September 30. Uzbekistan is
discussing new investment and financing opportunities for the
Trans-Caspian Transport Corridor (TCTC) as the country hosts its
second national conference dedicated to the route in Tashkent on
September 30.
This was reflected in the statement by the Ministry of Transport
of Uzbekistan.
The conference brings together officials, international
financial institutions, development partners and private-sector
representatives to discuss the development of the TCTC, investment
in transport infrastructure and financing for projects aimed at
improving the corridor’s efficiency.
The event is also focusing on reforms designed to strengthen
Uzbekistan’s role in creating sustainable connectivity between
Central Asia and Europe.
Participants include Uzbek Transport Minister Ilhom Makhkamov,
Peteris Ustubs, Director for Asia, Central Asia and the Pacific at
the European Commission, as well as representatives of
international financial institutions, development partners and the
private sector.
“The development of the Trans-Caspian Transport Corridor is
closely linked to improving transport connectivity, attracting
investment and implementing reforms that can enhance the efficiency
of trade routes between Central Asia and Europe,” the organizers
said.
The conference is expected to provide a platform for identifying
investment priorities, discussing financing mechanisms and
strengthening cooperation among Uzbekistan, international partners
and private-sector stakeholders involved in the development of the
TCTC.
