The World Bank is actively working to identify and solve problems along the Middle Corridor.
As Trend reported on Wednesday, Winnie Wang, a leading infrastructure specialist and head of the World Bank's program for Europe and Central Asia, said this during the VIII Trans-Caspian Forum organized by the Caspian Policy Center (CPC) in Washington.
"We see tangible results when projects are developed to eliminate specific problems. To this end, at the World Bank, we have used a number of regional and global monitoring tools to find solutions for the corridor. We estimated the cost of priority investments at about $7 billion to eliminate bottlenecks," she continued.
According to her, the corridors are multidimensional and go beyond the transport infrastructure.
"They relate to trade policy, logistics services, trade finance and support for value chain development, as well as training and education," explained Winnie Wang.
The development of this new corridor will require coordination of logistics and policy, she added.
