Baku. TurkicWorld:
The development prospects of the Trans-Caspian International Transport Route (TITR, or Middle Corridor) will facilitate investment flow in Kazakhstan's non-oil sector, Moody’s highlighted in its latest long-term credit rating for Kazakhstan, TurkicWorld reports.
"The growth in the transportation and logistics sector remains a key driver of economic growth and diversification, driven by the rapid expansion of cargo transit along the Trans-Caspian International Trade Route. The development of the Middle Corridor and shifts in regional supply chains are increasing foreign investor interest in other non-oil sectors," the report states.
Significant foreign investments are expected to flow into industries such as automotive manufacturing, pharmaceuticals, food processing, and construction materials.
The Middle Corridor connects container rail freight networks between China and the European Union via Central Asia, the Caucasus, Türkiye, and Eastern Europe.
This multimodal transportation infrastructure links ferry terminals on the Caspian and Black Seas with railway systems in China, Kazakhstan, Azerbaijan, Georgia, Türkiye, Ukraine, and Poland.
The Middle Corridor boosts cargo traffic between China and Türkiye, as well as between European countries, and vice versa. A train along this corridor can deliver cargo from China to Europe in an average of 20–25 days, a key advantage of this transport route.
