Azernews.Az

By Sara Israfilbayova

The Baku International Sea Trade Port in Alat will be able to handle 11 vessels at the same time after the completion of the first phase, said Eugene Seah, the Operations Manager of the Port of Baku.

“Currently, the port can receive two vessels at the same time,” he added, Azertac reported.

For centuries, Baku served as a link between East and West, alongside the ancient Silk Road, as well as North-South transport corridor that connects North Europe and Russia with Middle East and South Asia.

The new Port of Baku is located on an area of 400 hectares (ha) of land, of which about 100-115 ha cover the area for the development of the international Logistics and Trade Zone. The northern areas around the port are reserved for future expansion of logistics, industrial, and manufacturing activity.

The Baku International Sea Trade Port in Azerbaijan’s Alat settlement is expected to become one of the leading trade and logistics hubs of Eurasia. The implementation of all 3 phases of construction is projected to increase the capacity up to 7,660 tons on a daily basis.

The first stage of construction of the Port is projected to be completed until late 2017. Till that period the Baku Port is expected to increase its capacity handling some 10-11 million tons of freight and 50,000 TEUs per year. The second stage will provide for the handling of 17 million tons of freight and 150,000 of containers, while the implementation of the final stage is projected to increase the capacity up to 25 million tons of freight and 1 million of containers.

The volume of freight transportation via the Port increased in 2016 by 47 percent as compared to the index of 2015. The figure stood at 4.5 million tons, while transit transportation accounted for some 87 percent of the total volume.

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