The European Union intends to provide financial support for the development of the Trans-Caspian International Transport Route (TITM), QazMonitor reports citing the ministry of industry and infrastructural development.
On December 1, 2021, the European Commission and the EU High Representative for Foreign Affairs and Security Policy launched the Global Gateway initiative, which involves Kazakhstan, Azerbaijan, Georgia, and Turkiye.
The new European strategy will develop high-tech, green, and secure global links in areas such as digitalization, energy, transport, health, education, and research.
Kazakhstan’s ministry of infrastructure Kairbek Uskenbayev proposed the other Trans-Caspian countries during a ministerial meeting today in Aktau to create a joint venture to assist in the development of the TITM.
With a single operator, the minister highlighted that the countries will have a single tariff and a single standard of service along the entire route.
If the proposal is accepted, it will serve as a strategic tool for Kazakhstan, which has been involved in several projects concerning the construction of transport routes across its territory.
In September, Kazakhstan signed a memorandum of understanding with China to deepen cooperation in the organization of railway transportation on the China-Europe route and the TITM.
