ISTANBUL, June 18 (Reuters) - Pasifik Eurasia Lojistik
said it has signed a railway transport agreement with
a subsidiary of China Railway to launch cargo train services
along a corridor from China passing through Turkey into Europe,
bypassing Russia.
Ten train services will be operated initially, with the goal
of reaching 1,000 services per year.
The partnership with the state-owned company overseeing
railway logistics across China is expected to accelerate freight
volumes along what is known as the Middle Corridor.
The Middle Corridor is a China-Europe cargo route promoted
by the West as an alternative to shipments via Russia, and it
includes Kazakhstan, Azerbaijan, Georgia and Turkey.
The agreement will ensure time and cost advantages when
compared to the North Corridor via Russia, parent company
Pasifik Holding Chairman Fatih Erdogan said.
"The cost of transporting through the Middle Corridor
provides a 500-1000 dollar advantage per container compared to
the Northern Corridor following the Ukraine-Russia war," Erdogan
said.
The agreement will also accelerate the current 25-35 days
average duration from China to Europe, compared with 40-53 days
through the other route.