The European Union has emphasized that securing private capital is crucial for the development and long-term viability of the Middle Corridor transport infrastructure. This route, which connects Europe and Asia through the South Caucasus, requires significant investment to enhance its capacity and efficiency.
Officials note that without increased private sector involvement, the corridor’s potential to facilitate trade and economic growth in the region may be limited. Public funding alone is unlikely to meet the infrastructure demands necessary for sustained operation.
**Why this matters**
The Middle Corridor serves as a strategic alternative to traditional trade routes between Europe and Asia, potentially reducing transit times and costs. Strengthening this corridor could boost regional connectivity, support economic diversification, and contribute to global supply chain resilience. Private investment is seen as key to unlocking these benefits by providing the necessary resources for infrastructure upgrades and maintenance.
Source: NewsData