President Ilham Aliyev stated in his speech at the opening ceremony of the XIII Global Baku Forum that work is underway to expand the Middle Corridor after peace with Armenia and that a direct connection with Nakhchivan will be established.
Following the outbreak of the Iran war, a further increase in regional geopolitical threats is being observed. The new order in the region has further actualized the restoration of transport and economic ties between Azerbaijan and Armenia.
One of the important points in the relations between the two countries is the commissioning of the Zangezur corridor.
Modern.az reports that Milli Majlis deputy Vugar Bayramov stated that the construction of TRIPP, which will be an element of the Zangezur corridor, will enable the restoration of land transport between the main part of Azerbaijan and Nakhchivan.
“The Zangezur corridor, which will have a transit potential of 15 million tons, will make a special contribution to the development of the region. The Zangezur corridor, which will become an important segment of the Middle Corridor in the near future, will not only serve to further strengthen Azerbaijan's geopolitical position but also create opportunities for increasing the revenues of regional states. The trade turnover between continents is expected to increase by 200 billion dollars. If 10-15 percent of cargo is transported through the Zangezur corridor, Azerbaijan will earn 3 billion dollars in transit revenue annually in the near future. This also means the economic dividends of peace”.
