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Ukraine signs deal with Georgia, Azerbaijan to boost cooperation along Silk Road

Staff Writer |
The state-run Ukrainian Railways said it has signed a memorandum with the state railway operators of Georgia and Azerbaijan to push forward transport cooperation along the Trans-Caspian International Transport Route (TITR), which is part of China's Belt and Road Initiative.

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The deal was signed in Ukraine's southern port city of Odessa by the heads of the railway companies of the three countries, the press service of the Ukrainian Railways said in a statement.

Under the memorandum, the railway operators have agreed to create a joint venture for operating the ferry boats owned by the Ukrainian Railways, the statement said.

The deal is aimed at establishing the rail service for transporting goods from the European Union to Asian countries via the TITR route, it said.

Ukraine has officially joined the TITR, which connects China with Europe via Kazakhstan, Azerbaijan and Georgia in May 2016.

The TITR corridor uses railway, maritime and road transport for transportation of goods.

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