• KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09388 0%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 8

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.  

First Container Train on South Korea – China – Kazakhstan – Uzbekistan Route

On June 26, on the initiative of South Korea, China, Kazakhstan, and Uzbekistan railway administrations, and in cooperation with SJ Logistics Group, a ceremony was held at the Kazakh-Chinese logistics terminal in the port of Lianyungang, to launch the first container train from South Korea to Uzbekistan through China and Kazakhstan. The national railways company Kazakhstan Temir Zholy (KTZ), the subsidiary of which, KTZ Express, operates the route through Kazakhstan, reported that covering 7 thousand kilometres, the railway opens new avenues for economic interaction between the associated countries. Speaking at the ceremony, Deputy General Director for Commerce of KTZ Express Ulugbek Orazov, noted: “The launch of the pilot train demonstrates our common desire to develop joint multimodal transportation, which will certainly open up new horizons for trade and interaction in the region.” He continued by adding that the event marked an important step in the development of new opportunities to increase the transit potential of Kazakhstan as well as its establishment as a key transport hub in the international supply chain.    

Development of Uzbekistan–Afghanistan–Pakistan Transport Corridor

On June 29, representatives of Pakistan's and Uzbekistan’s leading transport and forwarding companies, and First Deputy Chairman of the Board of JSC Russian Railways, Alexey Pavlov, participated in a Logistics Forum in Tashkent. As reported by the Uzbek Ministry of Transport, the agenda focused on creating favourable conditions for bilateral and transit cargo transportation through the multimodal transport corridor Uzbekistan – Afghanistan – Pakistan, eliminating barriers and strengthening mutually beneficial strategic cooperation. Members of the Commonwealth of Independent States (former Soviet republics) have a keen interest in redirecting cargo flows to the multimodal transport corridor Uzbekistan - Afghanistan - Pakistan. According to statistics, in 2023 the volume of cargo transportation along this corridor increased 1.5-fold compared to 2021. Speaking at the forum, First Deputy Minister of Transport of Uzbekistan Mamanbiy Omarov emphasized the importance of the Uzbekistan-Afghanistan-Pakistan corridor and mooted proposals for its further development. Recommendations included reducing fees levied on freight transport and establishing fees on a parity basis in the territory of each state; developing mechanisms for insuring cargo along the route and ensuring the safety of goods during transportation; digitalizing the cargo transportation process; and developing proposals to increase the capacity of the Salang Pass in Afghanistan, which is the “heart” of this transport corridor.  

EDB Annual Meeting and Business Forum to Focus on Eurasian Transport Network

The Eurasian Development Bank’s (EDB) Annual Meeting and Business Forum, to be held in Almaty, Kazakhstan on 27-28 June, is to focus on cross-border transport corridors in Eurasia. The EDB is a multilateral development bank serving Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. According to the EDB press service, this year’s forum session, “The Eurasian Transport Network: Potential, Challenges and Solutions” will analyse a report on the development of cross-border transport corridors crucial to the region’s economies. The report highlights the significant constraints in economic development posed by the remoteness of Central Asian countries from global markets and their landlocked status. According to EDB estimates, trade costs in some Central Asian nations are 40% higher than those of coastal states. Overcoming the lack of transport connectivity is key to unlocking the strong economic potential of all Central Asian countries. The concept of the transport network is based on the premise that linking East–West and North–South transport corridors generates synergies, creating new routes, logistics opportunities and better through tariffs. The EDB projects that freight traffic along the three main corridors crossing Central Asia (Central Eurasian Corridor, TRACECA and North–South) could potentially increase by almost two-thirds to 1.7 million containers (TEU) by 2030. Implementing this objective will require concerted efforts from all participating countries.    

EDB Concept for Eurasian Transport Network

On 6 June, the Eurasian Development Bank (EDB) announced that it is preparing a concept for the Eurasian Transport Network aimed at enhancing connectivity across Eurasia and stimulating economic development, trade and mobility in the region. The EDB is a multilateral development bank with investments in the Eurasian states of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The Eurasian Transport Network is a system of international transport corridors and routes spanning over 50,000 kilometres. In 2023, five key corridors — the Northern, Central and Southern Eurasian Corridors, TRACECA (including the Trans-Caspian International Transport Route) and the International North-South Transport Corridor — carried 260 million tons of freight and 3.6 million international containers. According to the EDB, container traffic has tripled over the past decade. Having mooted the notion of the Eurasian Transport Network back in 2021, the EDB is now poised to present a detailed concept of its development. Analysis has shown that the synergy of corridors is ensured not through their competition, but through the connection and complementarity nature of its routes. The concept includes ten key elements, including addressing Central Asia’s challenges by making the region a transport crossroads, focusing on intra-regional connectivity, and providing a strong impetus to realize the region’s vast agro-industrial potential through new logistics and specialized rolling stock. The EDB’s new report, titled The Eurasian Transport Network, also examines promising transport infrastructure development projects and initiatives, including cooperation between countries and multilateral development banks towards their implementation. The report will be launched at the EDB Business Forum, scheduled for 27–28 June 2024 in Almaty, Kazakhstan.    

China, Kyrgyzstan, Uzbekistan Railway

On 6 June, an intergovernmental agreement on the China-Kyrgyzstan-Uzbekistan railway project was signed in Beijing. The China-Kyrgyzstan-Uzbekistan railway is a strategic infrastructure project designed to create a new land transport corridor between Central and East Asia. The agreement, which marks an important step in progressing the project, lists principles and mechanisms for cooperation between the three countries concerning financing, construction, operation, and maintenance of the railway. In accordance with the agreement, the railway will run through Kashgar (China) – Torugart – Makmal – Jalalabad (Kyrgyzstan) – Andijan (Uzbekistan), with a modern transit and logistics infrastructure, warehouses and terminals created along the route. Once completed, the railway will transport an annual cargo of 15 million tons, and reduce time taken for delivery to consumers by 7 days. Chinese President Xi Jinping, Kyrgyzstan President Sadyr Japarov, and Uzbekistan President Shavkat Mirziyoyev attended the event via a video link. Kyrgyz President Japarov described the agreement as “a historical event marking the long-awaited start of the China-Kyrgyzstan-Uzbekistan railway construction project - which will - open new transportation routes to European countries and the Persian Gulf." Uzbek President Mirziyoyev likewise remarked on the historical significance of the signing, and stated, “This railway will become the shortest land link connecting China with our region. In the future, it will allow access through the promising Trans-Afghan corridor to the capacious markets of the countries of South Asia and the Middle East.” Chinese President Xi emphasized that the railway is a strategic project of connectivity between China and Central Asia and a landmark in the three countries' cooperation under the Belt and Road Initiative. According to the Chinese leader, China is ready to work with Kyrgyzstan and Uzbekistan on the launch of the project as early as possible, to boost the regions’ economic and social development .