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Evet (Yes)
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Hayır (No)
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07.05.2024
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Hayır (No)
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In our announcement on May 7, 2024, we reported that the maintenance, repair, and expansion works on the Baku-Tbilisi-Kars (BTK) railway line had been completed, and that railway freight transportation would commence with increased capacity on the BTK line.
Due to the ongoing Russia-Ukraine war, activity in the Northern Corridor has been operating far below capacity, while instability in the South around Aden and the Suez Canal has increased the importance of the Middle Corridor. In this context, the business development activities we conducted on the BTK line have started to yield results, offering customers a full-route or door-to-door service model.
Recently, while most shipments on the BTK line were individual container shipments, our company carried out a block train shipment from China to Turkey consisting of intermediate goods for one of our country's major mobility vehicle manufacturers. These shipments are expected to continue regularly. Additionally, this shipment indicates that cargoes previously shifted to different transport modes or corridors are beginning to return to the BTK line.
The collaborations and partnerships we have developed and planned in China, along with our ongoing business development activities in other countries along the Middle Corridor, are expected to significantly increase our railway transport volumes between China-Turkey and China-Europe or vice versa in the coming period.
This is hereby submitted for the information of the public.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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