• KGS/USD = 0.01150 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
14 December 2024

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Kazakhstan and Finland to Collaborate on Rail Transportation

KTZ Express JSC (a subsidiary of Kazakhstan’s national railways company Kazakhstan Temir Zholy) and Finnish Nurminen Logistics Services Oy, have signed a Memorandum of Cooperation for container transportation from China to Finland along the Trans-Caspian International Transport Route (TITR) through the Kazakhstan. At a meeting of the Kazakh-Finnish intergovernmental commission on April 11 in Astana, Deputy Minister of Transport of Kazakhstan Maksat Kaliakparov emphasized the strategic importance of cooperation and development of transit opportunities between the two countries regarding trade between China and Southeast Asian countries and the European Union: “Kazakhstan is the main link in the TITR, or the Middle Corridor, and has already shown potential as an alternative to East – West routes. This is evidenced by an 86% increase in cargo transhipment through the seaports of Aktau and Kuryk, the volume of which rose to 2.8 million tons. The TITR is a ‘green-light’ corridor. Today, the cargo transit time has been reduced from 23 to 14-18 days, including 5 days in Kazakhstan. In 2023, the volume of cargo transportation along the TITR increased by 65%.” To illustrate the potential for cargo transportation between Kazakhstan and the EU, Kaliakparov reported a steady rise in the transportation of cargo through Kazakhstan along the China-Finland-China route. Compared to the previous year, in 2023, the volume of cargo transported by rail increased by 25% (4.3 million tons), and by road, by 14% (7.3 million tons).