BAKU, Azerbaijan, August 26. Azerbaijan and Uzbekistan plan to establish joint production of ferries, an informed source told Trend.
According to the information, the ferries will be provided for the needs of Uzbekistan. The volume of financing for the project will amount to $150 million.
The source stressed that several other specific measures are being worked out to expand bilateral cooperation in the sphere of transport and transit. In particular, it is also about the joint construction of storage infrastructure, the establishment of a joint venture for the development of transportation along the Trans-Caspian route, and other projects.
To note, an Uzbek-Azerbaijani business forum was held in Tashkent on August 22. Following the talks, a portfolio of projects worth $2 billion was formed.
Furthermore, on August 23, within the framework of President Ilham Aliyev's visit to Tashkent, the heads of state met with representatives of business circles of the two countries. Following the meeting, 7 projects worth $520 million were prepared for launch.
