Investors agree to establish consortium for East-West information trunk line
The first stage of establishing a consortium for the transnational information trunk line East-West has been concluded, Azerbaijani Deputy Minister for Communication and Information Technologies Elmir Velizade said at the Azerbaijan Investors Summit 2011 on Thursday, Business Georgia reports.
The largest TV communication operators of Azerbaijan, Russia, Georgia, Turkey, Kazakhstan and China expressed a readiness to take part in the project.
The East-West project will unite approximately 20 states. It will close the information gap between West European and the Pacific pools.
The project is split into two stages. The first stage is laying a cable between Eastern Europe and China underneath the Caspian Sea. The second stage involves connecting Central Asian states at beneficial prices.
The Azerbaijani resolution passed at the 66th UN plenary session on constructing the super trunk line will lift all the organization problems on constructing it in the Caspian area. The UN supports the project as a boost for development of the region.