EURASIAN STAR LOGO
Eurasia Geo Politics TKM World

EU and Turkmenistan launch Coordination Platform for Trans-Caspian Transport Corridor

The European Union and Turkmenistan held a high-level event on October 3 in Ashgabat that launched the Coordination Platform of the Trans-Caspian Transport Corridor.

This Corridor aims to strengthen connectivity by developing transport routes between Central Asia and the European Union.

The event brought together the European Union, representatives of the countries along the Trans Caspian Transport Corridor in Central Asia, South Caucasus and Türkiye, as well as international financial institutions.

The European Union delegation was led by European Commissioner for International Partnerships Jutta Urpilainen.

As reported by the EU Delegation to Turkmenistan, the Trans-Caspian Transport Corridor is a flagship of the EU’s Global Gateway investment strategy, and the establishment of the Coordination Platform is one of the key deliverables of the Global Gateway Investors Forum for EU-Central Asia Transport Connectivity held in January 2024. European and international financial institutions present at the Forum committed to mobilize €10 billion for sustainable transport connectivity in Central Asia. The EU’s objective is to work with partners towards a modern route that boosts trade, facilitates the flow of goods between Central Asia and Europe, while driving economic development and regional integration.

The main role of the Coordination Platform will be the promotion of the corridor and the coordination of efforts towards the implementation of priority projects in hard and soft infrastructure in Central Asia. It will also coordinate with investments and activities in the South Caucasus and Türkiye that are relevant for strengthening the operational efficiency and seamless connections across the Trans-Caspian Transport Corridor.

“Central Asia, as a region at the crossroads of Europe and Asia, plays a pivotal role in the EU Global Gateway investment strategy and connectivity vision,” Commissioner Urpilainen stated at the event in Ashgabat. “The Trans-Caspian Transport Corridor is a critical artery linking Europe and Asia, boosting trade, facilitating exchanges, and driving prosperity across our regions, while also ensuring improved connectivity and cooperation, as well as economic growth between all Corridor countries. Harnessing this potential will require massive infrastructure investments in the years to come, and I am therefore pleased to see governments from countries along the Corridor, key International Financing Institutions, EU Member States, G7 countries and other partners coming together.”

Leave a Reply

Your email address will not be published. Required fields are marked *