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CPCS study sparks €10B investment commitment for Trans-Caspian Transport Corridor

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European Union and Central Asia investors pledged to invest 10 billion euros (US$10.2B) in the Trans-Caspian Transport Corridor following a CPCS study for the European Bank for Reconstruction and Development.

CPCS applauds both the EU and EBRD’s commitment towards enhancing corridor connectivity and operations.

“Enhancing transport connectivity is a crucial stride to strengthen supply chain resiliency,” says Camille Wu, CPCS senior transportation advisor, and head of the European and United Kingdom advisory practice.

Practical study

What CPCS recommended in 2023 is in part the catalyst behind this multi-country supply chain resiliency investment commitment. The European Commission has since been actively translating the study’s insights into action, generating momentum for increased investment in the development of the Trans-Caspian Transport Corridor.

During the Investors Forum, a series of Memorandum of Understanding and agreements were inked between public and private stakeholders, propelling the initiation of the envisioned corridor’s development.

CPCS sees this as a great move to transform political commitments into tangible operational deliverables.

Background

Assignment: The EBRD sought our expertise in 2023 to examine a multifaceted question with far-reaching impacts:

  • What is the most sustainable transport network connecting five Central Asian countries (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan) with the Trans-European Transport Network?

How the study fits in the big picture: The sustainable transport study, funded by the European Commission, feeds into both the European Union’s 2019 Strategy on Central Asia and its 2021 Global Gateway Strategy on Water, Energy, and Climate.

For more information: Reach out to George Kaulbeck or Salah Koleilat

Related news: Global Gateway: EU and Central Asian countries agree on building blocks to develop the Trans-Caspian Transport Corridor – European Commission

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