• KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01179 0.85%
  • KZT/USD = 0.00209 0%
  • TJS/USD = 0.09364 -0.32%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 63

Kazakhstan and China Collaborate on Container Hub for Aktau Port

At the Kazakhstan-China roundtable held in Astana on July 2, several agreements were signed by Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) and Chinese partners to expand Kazakhstan-China cooperation within the Belt and Road Initiative. Kazakhstan Temir Zholy and Lianyungang Port Group agreed on joint investment in the construction of a container hub at the port of Aktau on Kazakhstan’s Caspian coast. The project aims to improve both the effectiveness of the port’s existing infrastructure and the processing of container cargoes shipped through Kazakhstan. KTZ Express (a subsidiary of KTZ), Xi'an Free Trade Port (China), and Slavtrans-Service JSC (Russia) agreed to create a unified digital corridor on the China-Kazakhstan-Russia route to provide a seamless system for processing customs clearance, electronic trade, and other functions. Once in place, it will significantly accelerate logistics, promote the development of electronic trade, simplify customs procedures, reduce trade barriers, increase the transparency and efficiency of supply chains. An agreement was also signed with China’s CRRC for the supply of 200 locomotives to Kazakhstan. Built with improved structural and traction parameters, the locomotives will be adapted to withstand Kazakhstan’s  climate and to emit low levels of harmful substances into the atmosphere.  

Is the China–Kyrgyzstan–Uzbekistan Railway Project Losing Steam Again?

By Robert M. Cutler The China–Kyrgyzstan–Uzbekistan (CKU) railway was first proposed in 1997. There seemed finally to be a prospect for a start to the project after agreements at the Xi'an summit amongst China and the five Central Asian countries in May 2023. Construction on the 523-kilometre route was scheduled to begin several months after, but this has still not happened. Disagreements over the route and—still worse—over the funding risk relegating the project back to the drawing-boards where it has languished for over a quarter-century. After the initial agreement in 1997, it was these essentially unchanging disagreements over financing and the route within Kyrgyzstan that stalled negotiations, and over a final agreement of conditions for its construction in the early 2000s. These disagreements concern the geo-economic strategies of the respective parties, and they have not changed in over two decades.  China favors a shorter route, while Kyrgyzstan pushes for a longer one to benefit its domestic infrastructure. Specifically, Kyrgyzstan wants to use the railway's construction to establish better connections between the northern and southern parts of the country, which are separated by a mountain range.   Further difficulties in CKU implementation For Uzbekistan, a turning-point was its decision in 2017 to send railway experts to discuss the project with Kyrgyzstan. Then in 2019, Uzbekistan invited Turkey to co-finance the Kyrgyz section. The current cost of the whole project is estimated at $6 billion. A preliminary agreement has been reached on the division of this total, according to which each of the three parties will contribute 30 per cent (but at different stages of the project), with the source of the final 10 per cent including the cost of the feasibility study still to be determined. Despite this progress, public concerns in Kyrgyzstan over several critical practical issues remain unaddressed and continue to complicate a final agreement. These include the anticipated influx of Chinese workers, the professional development of local railway engineers, the allocation of investments for industrial projects along the railway corridor and the facilitation of increased exports of Kyrgyzstan's products to the Chinese market. These elements are essential for the long-term viability and success of the CKU railway initiative. Interestingly, these are very similar to the concerns of Kazakhstan that delayed the construction of the first (i.e., the Atasu–Alashankou) segment of the Kazakhstan–China oil export pipeline in the early 2000s. Moreover, China originally insisted on compensation from Bishkek for its contribution in the form of ownership of Kyrgyz mines, including the world’s second-largest iron-ore reserve at Zhetim Too, which Kyrgyz President Sadyr Japarov claims is worth at least $50 billion. It does not help matters that this site adjoins a large glacier, the water from which is crucial for irrigation of major Kyrgyz agricultural holdings.   Other Uzbek initiatives for infrastructure connectivity On 1 November 2023, at a forum of the Shanghai Co-operation Organization (SCO) meeting in Tashkent, transportation officials from Uzbekistan, Kyrgyzstan and Russia signed a memorandum to establish a new Kyrgyzstan–Russia trade corridor through Turkmenistan (who, incidentally,...

President of Kazakhstan Outlines Vision for Country’s Development

In an interview with the newspaper, Egemen Qazaqstan, President of Kazakhstan, Kassym-Jomart Tokayev spoke about political reforms in Kazakhstan, the country’s economic course, plans for the construction of a nuclear power plant, relations with China, and whether he will participate in the next presidential election. Tokayev said he believes that 2023 was full of significant events for Kazakhstan, including the completion of major political reforms, the establishment of the Constitutional Court, the holding of elections of deputies to the Mazhilis (parliament) and Maslikhats (local councils) at all levels according to new rules, and the first ever elections of akims (mayors) to districts and cities of regional significance. Kazakhstan has begun to build a fair and competitive economic system, Tokayev said, diversifying and demonopolizing the economy, updating infrastructure, supporting business, and attracting investment. In Tokayev’s words, Kazakhstan will continue with a constructive and balanced foreign policy; in 2024, the country will chair several authoritative international organizations: the Shanghai Cooperation Organization, the Collective Security Treaty Organization, the Conference on Interaction and Confidence Building Measures in Asia, the Organization of Turkic States, the International Fund for Saving the Aral Sea, and the Islamic Organization for Food Security. This year, Kazakhstan will also host the World Nomad Games. Asked about the country’s new economic course for a Fair and Just Kazakhstan and the goal of doubling the size of the economy to $450 billion by 2029, Tokayev said it is completely achievable. “According to analysts from the International Monetary Fund, by the end of 2023, GDP in Kazakhstan should be over $259 billion, which is 15% more than in 2022. This is the most significant nominal growth in Central Asia. Positive dynamics are also registered in GDP per capita. According to the IMF forecast, by 2028 this figure will increase by a third – up to $16,800.” The President explained his position vis-à-vis plans for the construction of a nuclear power plant, saying that he pays special attention to the issue given that Kazakhstan is the world’s largest uranium producer and generates its own nuclear fuel. “As many in Kazakhstan are critical of the construction of nuclear power plants given the tragic consequences of tests at the Semipalatinsk nuclear test site, I proposed submitting the issue to a national referendum,” Tokayev said. “Citizens must consider and discuss all the experts’ arguments in order to make a balanced, thoughtful decision during the free expression of their will. This will be the decision of the people.” Commenting on relations with China, the President said that today, relations between Kazakhstan and China are developing in the spirit of friendship, neighborliness, and strategic partnership. Kazakhstan firmly supports the Belt and Road Initiative, Tokayev stated, emphasizing the unprecedented growth of bilateral trade, which reached $24.3 billion from January-October 2023. China is also one of the largest investors in the Kazakhstan, with direct Chinese investment having reached $24 billion. The common border with China and favorable geographical position of Kazakhstan as a bridge between the East and West opens up broad prospects for...

Kazakhstan, China should expand Belt and Road cooperation, experts say

BEIJING (TCA) — Experts from China and Kazakhstan called for efforts to further enhance bilateral cooperation and promote the joint development of China’s Belt and Road at a seminar in Beijing on October 25, Xinhua news agency reported. Continue reading

China, Turkmenistan should enhance synergy of development strategies — Chinese top legislator

ASHGABAT (TCA) — Top Chinese legislator Li Zhanshu on October 16 called on China and Turkmenistan to strengthen the synergy of their development strategies for mutually beneficial cooperation, China’s Xinhua news agency reported. Continue reading

Kazakhstan to play pivotal role in trade along China’s Belt and Road — president

NUR-SULTAN (TCA) — Kazakhstan is set to play a pivotal role in promoting transcontinental trade as a member of the Russia-led Eurasian Economic Union and a reliable partner of China’s Belt and Road Initiative (BRI), Kazakh President Kassym-Jomart Tokayev said at the General Debate of the 74th UN General Assembly in New York on September 24, China’s Xinhua news agency reported. Close and constructive political dialogue among all five Central Asian countries will be instrumental for trade, economic, investment and people-to-people interaction, Tokayev said, voicing his conviction that Central Asia "is becoming a global stakeholder". On the same day, speaking at the Fourth Meeting of Speakers of Eurasian Countries' Parliaments held in the Kazakh capital, Nur-Sultan, First President of Kazakhstan Nursultan Nazarbayev said that his country supports the China-proposed Belt and Road Initiative (BRI) as it is beneficial to the country's development. He said the number of containers transported from the Pacific Ocean to Europe through Kazakhstan and Russia are increasing every year, which means that "Kazakhstan has become a transit country effectively connecting Asia and Europe, the Northern and Southern parts of Eurasia." Proposed by China in 2013 to promote trans-continental connectivity for common growth, the BRI involves infrastructure development, trade and investment facilitation and people-to-people exchanges. Kazakhstan has built and renovated 15,000 km of roads and railways in a very short period of time, which helps the land-locked nation connect to the Pacific and Atlantic oceans and the Gulf, the first president said.