• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12653.48
    • RUB159.75
    • EUR14871.64
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +26°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan World Money

    World Bank tackles bottlenecks to boost Middle Corridor potential

    World Bank tackles bottlenecks to boost Middle Corridor potential

    The World Bank is actively engaged in identifying and resolving issues associated with the Middle Corridor, a vital transportation and trade route connecting Asia and Europe. Winnie Wang, lead infrastructure specialist and program leader for Europe and Central Asia at the World Bank spoke on these bottleneck an infrastructure issues at the 8th Trans - Caspian forum hosted by the Caspian Policy Center (CPC) in Washington D.C on May 21 Trend reports.

    “We see great impacts when projects are designed to address specific bottlenecks and to define the level of service. To this end, at the World Bank, we have employed a number of regional and global monitoring tools to give the corridor solutions.... We estimated a cost of priority investments at about $7 billion in order to address bottlenecks,” she mentioned.

    Earlier Daryo reported that The World Bank in collaboration with various governments and multilateral organizations, is ramping up efforts to fully harness the corridor’s potential. The Middle Corridor aims to enhance connectivity between eastern Asia, including China, and the European markets. This ambitious initiative plans to establish an extensive network of roads, railways, and sea routes, potentially boosting trade and driving economic growth.

    Panel discussion on the development of the Middle Corridor at 8th Trans-Caspian Forum
    Photo credit / Caspian policy center 
    “Corridors are multidimensional and beyond just the transport infrastructure. They are about trade policies, trade finance logistics services, and support for the value-chain development, as well as training and education,  developing this emerging corridor will require logistic and policy coordination,” Wang added.

    This strategic route which serves as an alternative to the traditional Northern and Southern Corridors, spans from China through Central Asian countries like Kazakhstan, Uzbekistan, and Turkmenistan, across the Caspian Sea and then continues through Azerbaijan, Georgia, and Türkiye before reaching Europe.

    “One of the defining characteristics of the Middle Corridor is its multimodal nature. This hurdle can be turned into an opportunity to use all elements of the system and to decarbonize transport,” she added.

    With Uzbekistan and Kazakhstan at the forefront of this strategic route, the Middle Corridor aims to triple trade flows and halve travel times by 2030, positioning these Central Asian nations as key economic hubs.

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    24.05.2024, 10:16   Comments (0)   2360
    Facebook Twitter LinkedIn Telegram Email
    Sabiha Samar

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Uzbekistan’s exports hit $8.4bn in 4M24

    24.05.2024, 10:04

    IICA and EU to co-host interregional conference in Uzbekistan 

    24.05.2024, 08:30

    Uzbekistan pharmaceutical industry plans $400mn production for 2024

    23.05.2024, 23:24

    Putin to pay state visit to Uzbekistan on May 26-27

    23.05.2024, 22:11
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Beeline Uzbekistan started 2025 with a significant network modernization


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp

     

    Recommended

    Heatwaves could kill thousands annually across Central Asia by 2090, World Bank warns

    17 July, 12:10

    Azerbaijan vs Russia: why a bilateral quarrel is reverberating across Central Asia

    9 July, 15:42

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12
     
     
     

    Latest news

    Kazakhstan’s steel output falls 12.2% in June as flat steel production plunges over 50%

    Kazakhstan | 24 July, 17:32

    Uzbekistan set to become world’s second-largest fresh apricot exporter, says EastFruit

    Uzbekistan | 24 July, 14:30

    Uzbekistan's cash circulation rises 23% y/y in 1H25

    Uzbekistan | 24 July, 13:00

    Uzbekistan and Russia to triple direct flights, exceeding 1,000 per week

    Uzbekistan | 24 July, 12:00

    “Let’s see what’s proposed before deciding,” says Uzbekistan’s Ecology Minister on Sea Breeze project at Charvak

    Uzbekistan | 24 July, 10:30

    Uzbekistan cuts $440.8mn in ineffective spending in 1H25

    Uzbekistan | 24 July, 09:03

    "Those who organized and allowed the beer festival must be held accountable," says Uzbekistan’s MP Alisher Kadyrov

    Uzbekistan | 23 July, 18:04

    Uzbekistan allocates UZS 7.5bn to boost pedestrian safety in Tashkent with iron fences

    Uzbekistan | 23 July, 15:00

    Click, Halyk Bank partner in Uzbekistan’s largest private sector deal worth $237mn

    Uzbekistan | 23 July, 13:37
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.