Turkish Investment Fund to finance projects for Middle Corridor development

The Turkic Investment Fund (TIF) is eager to further develop the Trans-Caspian International Transport Route (TITR, or Middle Corridor), TIF President Baghdad Amreyev said at the Second Ministerial meeting of the Group of Friends of Sustainable Transport in Ashgabat, Turkmenistan, Report informs.

"The meeting underscored the importance of joint efforts and strategic partnerships to achieve the United Nations' goals for sustainable transport, improve road safety, and enhance transport connectivity. It also highlighted the development of sustainable transport solutions and the implementation of innovative green technologies," the fund said in a statement.

In his speech, Amreev stressed that transport and customs cooperation have always been among the priorities in Turkic cooperation.

He underlined that the investment is especially targeted at the transportation industry, with particular attention on helping infrastructure and logistics and Middle Corridor development.

Additionally, he noted that TIF could support other transport initiatives, such as the development of Ro-Ro (a type of freight or ferry vessel that is specifically designed to transport vehicles) and Ro-Pax (roll-on/roll-off passenger) ferry services, expanding cargo capacities, and driving the digitalization of the transport sector.