BTK Railway to be an Alternative for Azerbaijan Economy

BTK Railway to be an Alternative for Azerbaijan Economy: Azerbaijan is going through a very serious process caused by economic problems.
The unbalanced decline in oil prices and the fifty-percent depreciation of the currency manate against the dollar and the euro put Azerbaijan in a difficult position, whose economy is based on energy. The people came down the streets in response to this sudden crisis. In order to reduce the people's reaction and to create short-term measures, the government started saving in public institutions and created new action plans.
This crisis may lead to many different problems in the near term. Opposing movements in the passive state may awaken, and developments similar to the recent events of Nardaran could pose a threat to domestic politics. Internal instability can also push the Caucasus into a different medium locally. Therefore, the country is closely followed by Armenia and Georgia.
Georgian authorities announced that measures have been taken to prevent similar developments in Azerbaijan. Armenia's political expert Vartan Voskanian in an assessment, the economy of Azerbaijan is based solely on energy, and it will end one day, he said. Another expert, Alexander Iskandaryan, stated that the economy was based on energy in the ninety percent of the Azerbaijani economy and that the uprisings should be met normally. In addition to these views, Atom Margaryan from the State Economic University of Armenia warns that the same situation can be experienced in Armenia and calls for the creation of alternative economic plans.
The crisis faced by Azerbaijan made the policies related to the energy-based country economy re-debated. In the reports published on Azerbaijan, it is stated that oil and natural gas are not infinite and alternative economic and energy policies should be formed. This also applies to other countries in the region. Georgia's foreign-dependent energy policy and Armenia's economic policy dependent on Russia can lead to major crises in the future, unless the alternative is produced.
The area of ​​transportation has a very important place in the region in search of sources of non-energy earnings. In order to complete the existing projects in a short time and to produce new projects, it is important for Baku to hurry. Therefore, projects such as the Baku-Tbilisi-Kars Railway (BTK) and the North-South Transport Corridor should be considered as slow-moving projects that can make the region a shining star.
ensure the continuity and speed of trade flows in the region, in order to facilitate passengers traveling to Azerbaijan, Georgia and Turkey signed an agreement in Baku-Tbilisi-Kars between 2007 had begun the construction of a railway project. 1 million passengers per year, the 6,5 million tons cargo-carrying railway project's goal is to carry 2034 million passengers per year in 3 and 17 million tons of cargo per year. Although it is aimed to be completed in 2010, it will be possible to provide uninterrupted transportation in Europe-China line with the railway which has been completed for years.
Likewise, the North-South Transport Corridor, which will connect Europe to India, increases the importance of Azerbaijan. The project, in which Azerbaijan will become an important station, aims to carry millions of tons of cargo and millions of passengers.
Like Panama, which has only billions of dollars a year through transportation, Azerbaijan also has many opportunities on the railway, highway and the Caspian Sea. However, if Georgia wants to be a corridor between Iran and Russia as an alternative policy, as Georgia is negotiating energy with Russia at the expense of making relations with Azerbaijan, and if similar projects are accelerated between Iran and Armenia, Azerbaijan may lose the opportunities.
Investing in the future and accelerating such projects to produce alternatives to energy resources that may end one day and

Railway News Search

Be the first to comment