GREAT SILK ROAD AND THE

“BAKU-TBILISI-KARS” PROJECT

Hajizade Elshan Mahmud

Azerbaijan State Economic University, Doctor of Economics, Professor

elshan@hajizada.com

ABSTRACT

As in any other fields of economic development Azerbaijan currently conducts large scale projects to provide transportation liberality and modernization of transportation infrastructure in Azerbaijan. Multi-billion investments are executed in development of transportation infrastructure of the country, automobile roads are re-modernized and new roads are built in accordance with the latest international standards. Navy’s armory is renovated. Located in Alat district of Baku and Caspian sea’s biggest trade port’s loading/unloading capacity were increased. The area where this trade port is located is now turned into macro-regional logistic hub which contains sea transportation, air transport and road transport facilities. Railway transportation of the country is renovated according to the state programme. Air transportation of the country is developed with the acquisition of brand new planes, new air routes are launched, international airports operates in regional centres. The far going targets of transportation industry has been outlined and executed within the Development Concept, “Azerbaijan 2020: future perspectives”. All these one more time accentuates on the fact that the modern development stage of Azerbaijan is being accompanied with the recent development in transportation industry of the Republic.