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The Port of Baku signed Memorandum of Understanding (MoU) with Bulgarian Ports Infrastructure Company.

The Port of Baku signed Memorandum of Understanding (MoU) with Bulgarian Ports Infrastructure Company.

Sep 30, 2016

 “Baku International Sea Trade Port” CJSC (aka Port of Baku) signed a Memorandum of Understanding (MoU) within Session of the Joint Commission on trade-economic and scientific-technical cooperation between the Republic of Azerbaijan and the Republic of Bulgaria with Bulgarian Ports Infrastructure Company. 

The MoU was signed by the Director-General of the Port of Baku Taleh Ziyadov and the Director-General of Bulgarian Ports Infrastructure Company Anguel Zabourtov. The Ports signed the following MoU to foster greater collaboration and exchange between their respective national ports management. Moreover, MoU contains the following activities, such as management and operations between ports as well as trainings and exchange of experience of port staff. 

Bulgarian Ports Infrastructure Company provides management, construction, reconstruction services for port infrastructure, building of new approach canals and port aquatories, and maintenance the public transport ports of national importance.

 It should be mentioned that the Port of Baku plays very significant role from the perspectives of realization of Azerbaijan’s transit potential and large amount of investments have been directed to this project. New Port of Baku is an important participant of both East-West and North-South corridors which is in the interest of Bulgaria in terms of having an access to Central Asia. 

In 2015, the Joint Committee of Trans-Caspian Transport Corridor among the Port of Baku, the Port of Aktau and the Sea Port Poti was established and the trilateral MoU was signed which intended to attract extra cargo carried via Trans-Caspian Corridor. In the fourlateral meeting that held in Baku on the January 2016 Ukraine joined to the Trans-Caspian Transport Corridor.

 Furthermore, the Port of Baku signed MoU with Antwerp, Panama, Aktau and Poti ports in the last years, while maintaining closer cooperation with Qatar and Singapore ports.

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