Development of the transport infrastructure of TRACECA member-states as a key point within the orbit of modern logistic networks

Two-day Conference was dedicated to the discussion and exchange ideas on the Azerbaijan`s vision of Caspian Grand Hub, Renewable Plan 2020, transport infrastructure and logistics, new technologies and innovative solutions, power infrastructure, increasing potential of the Region, best practices in project financing.

The most interested persons, representatives of international organizations and key players of the energy sector gathered to outline business opportunities in renewable energy sector, perspectives and pathways of renewable energy generation in Azerbaijan.

The Conference featured addresses by distinguished keynote speakers, including Mr. Mircea Ciopraga, TRACECA Secretary General and provided a platform to share their views, experiences and expertise.

During the statement, Mr. Ciopraga underlined that the aim of TRACECA is to create the platform for closer cooperation of all TRACECA countries, including Azerbaijan, consolidation of joint transport and transit dialogue and regional development of TRACECA at the political level.

The key measures of TRACECA further development are defined in the TRACECA Master Plan for 7-year period, the document which served the basis for the Strategy for development of the international transport corridor Europe-the Caucasus-Asia for the period 2016-2026, unanimously adopted by the TRACECA member states at the recent Twelfth Meeting of the Intergovernmental Commission TRACECA held on 1 June 2016, in Odessa, Ukraine.

In addition, Mr. Ciopraga stressed that TRACECA investments made considerable contribution to the enhancement of economic, trade relations and Eurasian transport communications of its member-states. The investments into infrastructure of the TRACECA corridor make it possible to construct and rehabilitate ports, roads and railways, pipelines, airports, to renovate and improve the transport fleet.

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