EU wants to turn Trans-Caspian Transport Corridor into multimodal economic gateway – Henrik Hololei

BAKU, Azerbaijan, May 22. EU wants to turn
Trans-Caspian Transport Corridor into multimodal economic gateway,
said Henrik Hololei, Hors Classe Adviser, Directorate-General for
International Partnerships at the European Commission, during the
8th Trans-Caspian Forum hosted by the Caspian Policy Center (CPC)
in Washington, D.C., Trend reports.

“One of the key projects that we are focusing on, and bringing
along also the private sector and international financial
institutions, is particularly the development of the Trans-Caspian
Transport Corridor into a modern, multimodal economic gateway,”
said Henrik Hololei. “It’s in all our interests to make the
corridor competitive, predictable, affordable, and sustainable,” he
emphasized.

Hololei explained that it has never been more important to
develop this corridor than now. “It’s now or never for the
corridor,” he said.

The Middle Corridor is a transportation and trade route that
connects Asia and Europe, passing through several countries in the
region. It is an alternative route to the traditional Northern
Corridor and Southern Corridor.

The route starts in China and crosses Central Asian countries
such as Kazakhstan, Uzbekistan, and Turkmenistan. It then passes
through the Caspian Sea, Azerbaijan, Georgia, and Türkiye before
reaching Europe.

The Middle Corridor offers a land route that connects the
eastern parts of Asia, including China, with Europe, bypassing the
longer maritime routes.