Baku may become major hub between Asia, Europe - Chinese envoy

  04 April 2018    Read: 1674
Baku may become major hub between Asia, Europe - Chinese envoy

China hopes that Baku will become a major hub between Asia and Europe, Chinese Ambassador to Azerbaijan Wei Jinghua said at the presentation of the equipment handed over to the Baku International Sea Trade Port on April 4.

 

He stressed that regular mutual visits of the leadership of the two countries and signing of numerous documents determined the development of relations between China and Azerbaijan.

"China pays great attention to Azerbaijan's special advantages in the Eurasian transport hub. Thus, Chinese companies support cooperation with Azerbaijan in the field of transport and logistics. The technology that was transferred to the Port of Baku will further increase Azerbaijan's capacity to receive cargoes and strengthen its role, as a trade and logistics center in the region," the ambassador said.

China hopes that Baku will soon become a major logistics hub on the route from Asia to Europe, he said.

"The Great Silk Road connected our peoples more than 2,000 years ago. After Azerbaijan regained the independence, our historical ties were restored, and now they are being strengthened within the framework of the" One Belt and One Road" project. Both countries support each other on all issues," said the ambassador.


The Baku International Sea Trade Port in Alat is expected to become one of the most promising logistics zones throughout the New Silk Road.

The Port in Alat, which will become the largest port on the Caspian Sea, is an important part of Azerbaijan's transport infrastructure. The first phase of construction of the Baku International Sea Trade Port in Alat settlement will be completed in May 2018.

After the first phase’s completion, the port’s capacity will be 15 million tons per year. The port’s capacity will be increased up to 25 million tons of cargo and 500,000 containers per year at the second stage, and up to one million containers per year – at the next stage.


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