Baku International Sea Trade Port CJSC
On 18th of March, 2015, Port of Baku was reorganized into a closed joint-stock company (CJSC) by the relevant decree of President of the Republic of Azerbaijan Ilham Aliyev. Currently, Baku Port is taking steady and effective steps to become a regional transport and logistics hub in Eurasia. A New Port is now under construction in Alyat. By the end of the first phase of construction, the cargo processing capacity of the New Port will increase to about 10-11.5 million tons and 40,000 - 50,000 TEU. The decision on when to start the second and third phases of construction works depends on the current cargo volumes. In general, these next phases are likely to be executed based on the public-private partnership (PPP) model or the “build-operate-transfer” BOT model, whereby the private sector will, most likely, invest in the construction, operation and expansion of the New Port. By the end of the third stage of construction, the cargo processing capacity the New Port is planned to reach about 25 million tons and up to 1 million TEU per year.
The forecasts for the three phases are as follows:
Phase One: 10–11.5 million tons of general cargo + 40,000–50,000 TEU;
Phase Two: 17 million tons of general cargo + 150,000 TEU;
Phase Three: 21–25 million tons of general cargo + up to 1 million TEU.
On March 17, 2016, President Ilham Aliyev signed a decree on measures to create a free trade zone type special economic area, including the territory of the New Baku International Sea Trade Port, in the Alat township of Baku’s Garadagh District.
– Expansion of the cargo transit capabilities of port operations for storing and distributing goods in the region through offering competitive prices for warehousing and loading services.
– Development of operational capabilities for cargo handling.
– Creation of One-Stop Shop to cover all aspects of cargo operations, including commercial operations, cargo handling, storage and haulage.