Azerbaijan Caspian Shipping Company and Kazakhstan Railways signed an agreement on strategic cooperation and joint ventures.
„Both Azerbaijan and Kazakhstan carry out extensive work on the improvement of transport infrastructure and increase of transit capacity. Azerbaijan is engaged in the construction of the Baku international sea trade port, construction of the Baku-Tbilisi-Kars railway, while Kazakhstan is expanding its rail networks and port infrastructure, which allow developing cooperation and implementing joint projects, „ Caspian Shipping Company Chairman Rauf Valiyev said.
The two sides also discussed issues of cooperation in the framework of the Trans-Caspian International Transport Route.
Under the deal, the sides agreed on attraction of investments in existing and future transport projects, enhancement transport between the ports of Azerbaijan and Kazakhstan, preparation of working plan on transport in various directions, joint use of existing infrastructure and other areas.
Azerbaijan Caspian Shipping Company plays a connecting role in the Transport Corridor Europe-Caucasus-Asia (TRACECA), provides sea transport of goods and passengers, as well as offshore support services for oil and gas operations.
Photo: First test train passes the Trans-Caspian International Transport Route
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