Uzbekistan and Azerbaijan: $150 Million for Joint Production of Ferries for the Trans-Caspian Route

Uzbekistan and Azerbaijan have agreed to collaborate in shipbuilding, this is reported by the railway transport news portal Railway Supply.

The plans include the joint construction of ferries that will service Uzbekistan’s cargo transportation needs.

Complete Restoration of Traffic in the Gotthard Base Tunnel After Year-Long Repairs

This project is of strategic importance to both countries, as it aims to enhance Uzbekistan’s logistical capabilities across the Caspian Sea.

The total investment is expected to reach $150 million. As part of this partnership, ferries will be built to ensure efficient transport links between the two countries.

The project is not limited to shipbuilding alone. In addition to the construction of ferries, Uzbekistan and Azerbaijan are considering the creation of joint storage facilities.

This initiative will significantly reduce delivery times and simplify logistics processes along the Trans-Caspian International Transport Route (TITR).

The establishment of such storage capacities will increase the route’s competitiveness and make it more attractive to shippers.

The initiative to create a joint company that will manage and develop the TITR is another important step in the development of the region’s infrastructure.

The collaboration between the two countries in this direction will allow for more effective use of transport corridors passing through the Caspian Sea and will strengthen the TITR’s position as one of the key routes for international freight transportation.

The project also includes the construction of modern infrastructure for cargo handling and storage.

This will significantly improve conditions for exporters and importers, offering them new opportunities to optimize supply chains.

The new ferries and storage facilities that will be built as part of this cooperation will greatly expand the logistical capabilities of both countries and strengthen their positions in the international transport market.

Thus, the partnership between Uzbekistan and Azerbaijan opens up new prospects for the development of transport links between Central Asia and the Caucasus.

Joint projects in shipbuilding and logistics will not only improve the region’s infrastructure but also create new opportunities for economic growth and strengthen cooperation between the countries.

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

ÖBB Launches Austria’s First Agro-Photovoltaic System: An Eco-Friendly Innovation with Solar Panels and Grazing Areas