Azerbaijan greenlights 2025 budget for Trans-Caspian Transport Route

Azerbaijan has officially approved the budget for the International Association “Trans-Caspian International Transport Route” for the current year.

The decision was made during the meeting of the association on March 4, Caliber.Az reports via local media. 

The projected income for the year has been set at $1,200,959. The bulk of this revenue will be generated through membership fees, with $560,000 expected from regular members and $359,600 from associate members.

Additionally, $147,100 in accounts receivable and $134,000 in carryover funds from the previous year will contribute to the budget. The approved budget will be distributed across several key areas. Administrative expenses are set at $797,202, marketing initiatives will receive $167,160, representation costs are allocated $121,261, and travel expenses will be covered with $115,336. 

The Trans-Caspian International Transport Route, also known as the Middle Corridor, is a critical international transportation route that connects China, Kazakhstan, the Caspian Sea, Azerbaijan, and Georgia, and extends through Türkiye into Europe. A vital part of this corridor is the Baku-Tbilisi-Kars railway, which plays a crucial role in facilitating the movement of goods across these regions.

By Naila Huseynova