Trans-Caspian International Transport Route (TITR) tariff protocol signed

Freight train in Central AsiaTITR tariffs: At a meeting in Baku yesterday, representatives from the the state-run railway operators from Kazakhstan, Azerbaijan, Georgia, and Ukraine signed a protocol committing the four countries to establish competitive preferential tariffs for cargo transportation via the Trans-Caspian International Transport Route (TITR).
The protocol, which was signed by the heads of Azerbaijani Railways (Javid Gurbanov), Kazakhstan Railways (Askar Mamin) and Georgian Railways (Mamuka Bakhtadze) and Ukrainian Railways’s acting chairman Oleksandr Zavgorodniy, also calls for comprehensive measures to be put in place to facilitate the movement of trains via the route, and to increase cargo turnover.
Running from China, through Kazakhstan, Azerbaijan, Georgia and Turkey and from there to Europe the TITR is a key element in China’s One Belt One Road initiative and its plans to open up the New Silk Road.The 4,766km long multimodal route is eventually expected to have an annual capacity of 27.5m tons of containerized cargo and to be able transport up to 300,000 TEU per annum by 2020.

Source: AKIpress