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Monday, February 24th, 2020

Kazakhstan’s role in the Trans-Caspian corridor discussed in Beijing

by February 6, 2018 Market

Kazakhstan’s delegation led by the First Deputy Minister of Investments and Development Roman Sklyar took part in the international conference The Role of the Trans-Caspian Trade and Transit Corridor in the Implementation of the One Belt One Road initiative.

The Trans-Caspian International Transport Route (TITR) is an international transport corridor that runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia and further to European countries.

Speaking during the opening of the conference, R. Sklyar elaborated on the development of Kazakhstan’s transit-transport potential through the years of Independence. He stressed that only in the last 10 years 30 billion dollars were invested in the transport sector of the Republic of Kazakhstan, 2500 kilometers of railways were built, 19.5 thousand kilometers of roads were reconstructed, the capacity of Kazakhstan’s ports in the Caspian Sea increased to 23.5 million tonnes, runways of 15 airports were reconstructed.

Vice President of NC KTZ JSC Sanzhar Yelyubayev delivered a report during the panel session Advantages of the Trans-Caspian Transit Corridor in Transcontinental Transportation.

I would like to note that the work done by the participating countries along the route in recent years has paved way for the commercial advantage of the Trans-Caspian route. Firstly, it is the speed offered to clients in transportation by organized container trains from eastern China to Turkey – 13-14 days. Secondly, the competitive prices for goods that critically rely on delivery time � about 6 thousand dollars for one 40-foot container as part of a container train, � he said.

According to him, experts forecast the growth of trade turnover in the region of the Trans-Caspian route and Eastern and Southern Europe by 2020 to 922 billion dollars. In cargo capacity, this is estimated at more than 300 000 containers in a 20-foot equivalent.

In an interview with Kazakhstani journalists R. Sklyar spoke about Kazakhstan’s policy on diversification of transit routes.

Our country has every opportunity to develop the main routes that run between China and Europe, between the countries of Central Asia and our country, including access to the ports of the Black and Mediterranean seas. Therefore, now work is carried out in different areas to strengthen the existing infrastructure and improve the logistics competence of our administrations. Over the past three years, we have seen a two-fold annual growth of container traffic between China and the EU countries. This requires serious efforts of both our carriers and companies that are engaged in the development of our infrastructure, � he said.

The conference was organized by Azerbaijan and was attended by Vice Minister of Commerce of China Wang Shouwen, Minister of Economy and Chairman of the Coordinating Committee for Transit Transport of Azerbaijan Shahin Mustafayev, Deputy Minister of Economy and Sustainable Development of Georgia Giorgi Cherkezishvili, Deputy Minister of Transport, Maritime and Communications of Turkey Yuksel Coskunyurek, diplomats and representatives of business circles of the countries of the Trans-Caspian Transport Corridor , including Kazakhstan.

Source: Government of the Republic of Kazakhstan