The agreement on “Central Asia – Persian Gulf” corridor has come into force

Almaty. April 25. Silkroadnews – The agreement on creation a transport corridor “Central Asia – Persian Gulf” came into force on April 23, IrTAG reported.

According to the press service of Uzbekistan’s Foreign Ministry, the agreement on creating this corridor was signed by the governments of Uzbekistan, Turkmenistan, Iran, Oman and Qatar was signed in April 2011. In 2013 the Qatari side has decided to leave the project. In August 2014 in Masqat (Oman) the Ministers of Foreign Affairs of Uzbekistan, Turkmenistan, Iran and Oman signed a memorandum of understanding on the agreement on creation of this corridor to enter into force.

At present the agreement and memorandum have been ratified by all four countries involved in the project.
“The document aims to provide a reliable transportation corridor for the continual transportation and transit of goods between the countries of Central Asia and the ports of the Persian Gulf and the Oman Sea,” the report specifies.
The agreement contributes to raise the speed of goods transportation to optimize the transport costs, as well as simplify and balance the procedures and official documents, said the Foreign Ministry of Uzbekistan.

Earlier it was reported that a part of the transportation and transit corridor will pass through the railway connecting Uzbekistan, Turkmenistan, Iran, and another part will go via sea from the Iranian port of Bandar-Abbas and Chabahar to the Omani ports.

It is expected that the transport corridor will give a new impetus to the economic development of the countries participating in the project, contribute to build new job places, construction of social and industrial infrastructures and attraction of major foreign investments.