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

TITR 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