Kazakhstan to increase transit revenues up to $4 billion by 2020

ASTANA (TCA) — Kazakhstan’s revenues from transit by all types of transport should reach 1.3 trillion tenge (a little more than US $4 billion) by 2020, the official website of the Prime Minister of Kazakhstan reported citing Deputy Minister for Investment and Development Roman Sklyar.

Transit container transportations in the direction of Europe-China doubled and amounted to 104.5 thousand containers in 2016, which will allow increasing the volume of transit container traffic through Kazakhstan up to two million containers by 2020, the deputy minister said at a press conference on February 16.

The number of transit passengers increased from 250 thousand to 478 thousand in 2016. Today, the main passenger flows are from Asia to Europe and vice versa. It is planned that this figure will reach 600 thousand in 2017.

It was earlier reported that the President of Kazakhstan Nursultan Nazarbayev in his address “The third modernization of Kazakhstan: global competitiveness,” instructed the Kazakh Government to provide for the following increase in the annual volume of transit through Kazakhstan by 2020: seven-fold for goods carried by containers (up to two million containers) and fourfold for passenger transport by air (up to 1.6 million transit passengers).

The President also emphasized the necessity of increasing revenues from the transit traffic 5.5-fold — up to US $4 billion a year.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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