BAKU, Azerbaijan, October 1.
The key growth dynamics along the Middle Corridor focuses on the
Trans-Caspian section, a Senior Transport Economist at the World
Bank, Muneeza Alam, said during a World Bank Group online event
titled "Middle Corridor: Next Stage" today, Trend’s correspondent
reports.
"According to data from the Middle Corridor Association,
transport volumes along the Trans-Caspian section of the
Trans-Caspian Transport Corridor increased by 34% from 2021 through
2025. This represents the highest growth rate ever recorded for
this corridor throughout the period for which data is available.
Thus, the primary momentum is currently concentrated on the
Trans-Caspian section," she said.
According to Alam, container shipping volumes grew by 32%
between 2021 and 2025. She emphasized that growth along the
corridor is expected to continue at least until 2040.
"The Trans-Caspian International Transport Route doesn’t exist
in isolation. It’s part of a broader network of corridors
connecting Asia and Europe, with the maritime route arguably being
the most significant among them. However, none of these corridors
is in direct competition with one another. Each possesses unique
advantages, specific points of origin and destination, distinct
timeframes, cost structures, and so forth. Therefore, they don't
compete directly. Rather, they should be viewed as routes that
complement each other and ensure sustainable transport connectivity
between the two continents. In this way, they can effectively work
in tandem," she added.
