Romania, Turkmenistan agree to construct Caspian-Black Sea transport corridor

NewsRomania, Turkmenistan agree to construct Caspian-Black Sea transport corridor

Ashgabat, Turkmenistan: Romania and Turkmenistan have agreed to construct Caspian-Black Sea transport and Transit corridor, reports Turkmengaz.

According to Turkmengaz which is state run Gas Company of Turkmenistan, both the countries will hold four-way talks to decide modalities of the project.

It may be mentioned the decision was one of the important outcomes of the meeting of the Turkmen-Romanian working group on transport issues, held recently in the Caspian town of Turkmenbashi.

“Romania should use all the opportunities to turn its Black Sea port of Constanta into one of the important links of the transport and transit corridor that connects the Caspian and Black Seas”, the words of the Secretary of State of the Romanian Foreign Ministry Maria Magdalena Grigore are quoted in the information.

Romania, Turkmenistan agree to construct Caspian-Black Sea transport corridor
Romania, Turkmenistan agree to construct Caspian-Black Sea transport corridor

State service of Sea and River Transport of Turkmenistan in recent years is exploring the possibility of transporting goods, including liquefied gas to Constanta. The delivery route involves the use of special containers and runs through the Caspian Sea to Baku (Azerbaijan), then by rail to Batumi or Poti (Georgia, Black Sea region) and from there by sea to Romania.

It is expected that Constanta can become a point of transshipment in the EU of goods transported from the Turkmen port of Turkmenbashi, as well as from China, Kazakhstan and Uzbekistan in the context of ensuring access of goods from Turkmenistan and other Central Asian countries to European markets. Romania and Turkmenistan are studying the optimal ways of the transit corridor of the Black Sea – the Caspian Sea with the use of port advantages
In early May 2018 in the Caspian Turkmenbashi, the opening ceremony of the international sea port took place. The cost of the project implemented by Gap Inşaat (Turkey) is more than 1.5 billion dollars. With its commissioning, there were great opportunities for sending cargoes arriving to Turkmenbashi along the Silk Road route from the countries of Asia and the Pacific, then to Europe via ports of Russia, Azerbaijan and Iran.

This complex includes a general loading terminal, a bulk cargo terminal, a polypropylene terminal, as well as a shipbuilding and ship repair yard. A road with overpasses has also been constructed, and railway tracks have been built. The project was developed in accordance with the international standard Green Port. The annual throughput of the port will be 17-18 million tons.

Must read

Recent News

PM Shahbaz expresses strong desire to revive Pakistan-Germany partnership

0
ISLAMABAD, Pakistan: The German Federal Minister for Economic Cooperation and Development Svenja Schulze met Prime Minister Shahbaz Sharif at the Prime Minister's House in...

PM launches Buna-Raast Connectivity Project to streamline remittances from Arab world to Pakistan

0
ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif on Thursday launched Buna-Raast Connectivity Project in Islamabad to streamline remittances from the Arab world to Pakistan. The...
Monal Restaurant in Margalla National Park shows how the Superclass manipulates rules in Pakistan

Monal Restaurant in Margalla Hills National Park shows how the Superclass manipulates rules in...

0
Islamabad, Pakistan: The saga of Monal Restaurant in Margalla Hills National Park is a textbook example of how the Superclass manipulates rules to benefit...

USD to PKR: USD Dollar Rate in Pakistan Today – 22 August 2024

0
The US Dollar (USD) was being bought and sold at Rs 279.6 and Rs 280.3 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 22 August 2024

0
On Thursday (August 22, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 261,450.000.It's important to note that gold...
Advertisement