Turkey is set to commission large-scale investments to become a regional and continental transfer hub and an important center for the Belt and Road Initiative (BRI) as part of its yearly plan, – informs Daily Sabah.
The country will build a transit-loan based main container port in the Eastern Mediterranean, which will be operating as a gateway to the Middle East and Central Asia. The most suitable location will be determined while survey and project works will be carried out next year, according to the Presidential Annual Plan for 2021.
The project will be carried out in coordination with the Transportation and Infrastructure Ministry and the Environment and Urbanization Ministry.
The country is also planning to increase the volume of cooperation with the BRI-related countries in terms of enabling the Middle Corridor – a crucial part of the BRI – to be a more attractive route, with Turkey’s leadership. Ankara will also take steps for commercial initiatives in terms of logistics.
The Middle Corridor meanwhile, which is led by Turkey, lies at the heart of the BRI linking Turkey to Georgia and Azerbaijan via rail, crossing the Caspian Sea and reaches China through Turkmenistan and Kazakhstan.
The Baku-Tbilisi-Kars (BTK) Railroad Project was also launched by Turkey as part of the Middle Corridor.