Georgia`s Deputy Minister of Economy and Sustainable Development said that the World Bank`s latest study underscores the growing importance and economic potential of the Middle Corridor, with planned measures expected to significantly increase cargo capacity and reduce transit times by 2040.

"The World Bank`s new study once again highlights the growing role of the Middle Corridor and its economic potential.

What is particularly important is the economic impact anticipated from the implementation of these measures.

According to the study, GDP across the region is expected to grow by approximately 3.3%, while around two million jobs will be created. Georgia is responding to these opportunities with a coherent and consistent vision for the development of the country’s transport system.

By 2032, we plan to invest approximately USD 7 billion in core transport infrastructure, including the Anaklia Deep Sea Port, the historic modernisation of the railway network, and the development of international airports. It is important to view these projects from a broader perspective that involves close cooperation with our international partners, as we see the corridor as a single system that must be competitive, reliable, fast and efficient", - said Tamar Ioseliani.

According to a new World Bank Group report, titled World-Class Trade and Logistics Along the Trans-Caspian Transport Corridor, strategic investments in the Trans-Caspian Transport Corridor, also known as the Middle Corridor, could more than triple trade volumes along the route by 2040, halve transit times, increase regional GDP by 3.3%, and create an additional two million jobs.