Meet in the middle
Trans-Caspian Transport Corridor investments could spur growth and create millions of jobs Across Europe and Central Asia. Countries in Europe and Central Asia could unlock faster growth, more jobs, and stronger private investment by upgrading and better integrating a critical trade route linking East Asia, Central Asia, the South Caucasus, Türkiye, and the rest of […] Meet in the middle was…
A new World Bank Group report highlights the potential of the Trans-Caspian Transport Corridor (TCTC) to spur growth, create jobs, and strengthen private investment across Europe and Central Asia. By upgrading and better integrating this critical trade route, countries can unlock faster growth, more jobs, and stronger private investment.
The report estimates that strategic investments in the TCTC could more than triple trade volumes along the route, halve travel times, boost GDP by 3.3%, and create two million more jobs by 2040. To achieve these gains, countries will need to invest over 25 billion US dollars in physical infrastructure, as well as 30 billion US dollars in enabling investments, such as logistics hubs and digital systems.
The success of the corridor will depend on strong partnerships among governments, transport operators, and the private sector to improve reliability, lower logistics costs, and attract investment.
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