In order to increase the transit potential of Georgia, the capacity of national railways will increase twice in volume by the end of 2024, along with planned improvements to major highways and the Baku-Tbilisi-Kars railway, - Georgian Prime Minister Irakli Garibashvili said on Wednesday at the Global Gateway Forum.
According to Garibashvili, in recent years, significant investments were made to upgrade the country’s roads, railways and airports, as well as to develop new transport infrastructure projects.
"Given the ever-growing importance of diversifying and expanding East-West trade, the Middle Corridor across Georgia is becoming a viable alternative to existing routes connecting Europe and Asia. With enhanced infrastructure capabilities, streamlined processes and competitive costs, the importance of this corridor is growing.
To support Georgia’s position as a regional center for trade and logistics, my Government focuses heavily on development of major infrastructure. In recent years, significant investments were made to upgrade the country’s roads, railways and airports, as well as to develop new transport infrastructure projects.
These include the Black Sea Submarine Electricity Cable project, which will create transit opportunities and back-to-back trade options of green renewable energy between the EU and the South Caucasus via Georgia, while improved ferry-feeder connections in the Black Sea will enhance international transit through the Middle Corridor.
The development of a new Anaklia Deep Sea Port will increase Georgia’s capabilities to ship large quantities of cargoes. Furthermore, an underwater fiber-optic cable in the Black Sea will ensure fast internet connectivity from South-East Europe to South Caucasus delivering faster and more reliable internet connections to our people.
In order to increase the transit potential of Georgia, the capacity of national railways will increase twice in volume by the end of 2024, along with planned improvements to major highways and the Baku-Tbilisi-Kars railway.
My government is enhancing air connectivity through the construction of a new international airport in Tbilisi as well, which will function as a top-tier transportation hub, solidifying Georgia’s position as a significant participant in the global aviation sector.
Acknowledging the growing energy demand and the urgency of addressing climate change, we are proactively exploring new initiatives within the renewable energy sector. These include hydropower, wind, solar, and other sustainable sources.
As you know, key pipelines across Georgia, including oil and gas pipelines, ensure secure transportation of hydrocarbons from Central Asia to Europe.
All of these transformational projects will bring jobs, economic growth, and prosperity to our people and the region at large", - PM said.
