Trans-Caspian Corridor - The Times Of Central Asia

Viewing results 1 - 6 of 14

Kazakhstan to Construct Seven New Offshore Vessels

Kazakhstan plans to expand its maritime fleet by building seven new vessels on the Caspian Sea. These vessels will be three tankers, two ferries, and two container ships. The construction of the vessels is part of a broader strategy to develop Kazakhstan's transportation and logistics infrastructure, which will strengthen its position on the Caspian Sea. Today, Kazakhstan's merchant fleet consists of 17 vessels: 10 tankers, four dry bulk carriers, and three container ships. In December 2023, KazMunayGas and Abu Dhabi Ports Group signed an agreement to establish a ship repair and shipbuilding yard in Kazakhstan. This project will provide the necessary base for the repair and construction of new vessels, which will increase the competitiveness of Kazakhstan's fleet on a global level. In addition, Kazakhstan continues to strengthen its ties with Azerbaijan. Tankers have already been purchased to transport oil from Kazakhstan to Azerbaijan for subsequent shipment via the Baku-Tbilisi-Ceyhan oil pipeline. This cooperation will diversify export routes and ensure the stability of supplies. Turkey has become another significant partner of Kazakhstan in shipbuilding. Under an agreement with Turkish companies, new vessels will be built, providing the country with additional opportunities to develop trade relations in the region. This project will also reduce Kazakhstan's dependence on Russia in shipbuilding, and strengthen its position in the Caspian Sea.

Investments Export/import Economy Strategy Trans-Caspian Corridor Middle Corridor Caspian Sea

Kazakhstan Deepens Caspian Ports to Boost Middle Corridor Potential

To further increase the potential of the Trans-Caspian International Transport Route (TITR), the Kazakh Ministry of Transport has begun dredging the port of Kuryk to provide sufficient depth for ships to enter the harbour. Specialized equipment to deepen the port by approximately 1.5-2 meters, has been supplied by Jan de Nul, a European company contracted to complete dredging works on a turnkey basis. Dredging Kuryk's port will allow for the further expansion of its terminal capacity which currently has provision for 6 million tons of cargo (railway terminal—4 million tons, automobile terminal—2 million tons). The port can also simultaneously accommodate 250 trucks. Similar dredging works will also be carried out in the port of Aktau. The project is part of the comprehensive measures to develop the Trans-Caspian International Transport Route, also known as the Middle Corridor, which will connect China and Europe via Central Asia and the Caucasus. According to the Kazakh Ministry of Transport, the volume of cargo transportation through Kazakhstan along the TITR for the first seven months this year increased by 62%; amounting to 2.5 million tons, compared to 1.6 million tons in the same period in 2023.

International trade business and economy EU Cooperation Trans-Caspian Corridor

EU-Funded Projects Strengthen Central Asia’s Trade and Economic Ties

On 26 June, Almaty hosted the closing meeting of two regional projects in Central Asia funded by the European Union: the ITC Ready4Trade Central Asia and the OECD Policy Component of the EU Central Asia Invest Programme. As reported by the Delegation of the European Union to Kazakhstan, both initiatives have done much to support Central Asian countries' efforts to advance trade reforms, enhance competitiveness, foster connectivity and strengthen regional cooperation. The event brought together policymakers and key stakeholders from private and public sectors in Central Asia, as well as representatives of the European Union, the International Trade Centre (ITC), and the Organisation for Economic Co-operation and Development (OECD). "The European Union has long been supporting the governments of Central Asian countries in their business environment and trade and transport connectivity reform efforts together with international partners, including ITC and the OECD,” said Kestutis Jankauskas, Ambassador of the European Union to Kazakhstan. “Going forward, we will endeavour to develop the potential of the Trans-Caspian Transport Corridor together with our Central Asian partners to make it a competitive, multimodal and sustainable corridor that can bring Central Asia and Europe closer together. We look forward to the new EU-funded Prosperity Programme to be implemented by ITC and the OECD to support the implementation of this goal.” The ITC Ready4Trade Central Asia project has made significant progress in enhancing intra-regional and international trade across five Central Asian countries. In close collaboration with the governments, the project tackled obstacles to cross-border trade by simplifying and digitalising trade procedures, ensuring greater transparency and efficiency terms of cost and time. The project also established national SME Trade Academies, providing tailored on-the-job coaching and enhancing the capacity of SMEs to participate in the global market. The OECD has supported reforms in areas including private sector development, internationalization, digitalisation, trade and transport connectivity, and resilience to shocks. Zhanel Kushukova, Vice-Minister of Trade and Integration of Kazakhstan, commented: “In recent years, significant work has been done in Central Asian countries to simplify and optimize trade procedures, reduce the time for trade operations and automate customs processes. This has allowed us to almost double the volume of trade turnover over the past five years, to $10 billion. In the medium term, Kazakhstan plans to increase trade turnover with Central Asian countries to $15 billion.” Kazakhstan’s QazTrade agency estimates that the implementation of the recommendations proposed by the above projects and the transition to paperless trade will lead to a 30 percent increase in trade turnover in the medium term.

International Transport Forum business and economy Transport and Logistics International Cooperation Trans-Caspian Corridor

Kazakhstan Pushes New Measures to Utilize its Transit Potential

On June 20, Permanent Delegate of Kazakhstan to International Organizations in Paris, Askar Abdrakhmanov, attended the International Transport Forum (ITF) Day at the Organization for Economic Co-operation and Development (OECD) headquarters. In his presentation on “Connectivity in Times of Crisis,” Ambassador Abdrakhmanov focused on Kazakhstan’s measures to further develop its transport infrastructure and international freight transportation, and Astana’s efforts to develop transport cooperation with the country’s neighbouring states. Regarding the potential of both old and new routes, Abdrakhmanov highlighted the construction of second tracks on the Dostyk – Moynty railway on the Kazakhstan and China border, a container hub and dredging projects at Aktau and Kuryk seaports, a new Darbaza – Maktaral railway line with further access through Uzbekistan, Turkmenistan and Iran to the Persian Gulf and the Indian Ocean, and functioning the eastern branches of the North-South corridor. Special attention was paid to the Trans-Caspian International Transport Route (TITR), widely known as the Middle Corridor. He emphasized the importance of the recent joint government venture to establish a single, unified operation of cargo transportation along the Middle Corridor, as well as the launch of the TITR Coordination Platform with the participation of Central Asian states, the South Caucasus, and the European Commission. “The current geopolitical situation has created new economic and logistical challenges for Kazakhstan and other countries in the region, and the answers to them lie in closer cooperation with our neighbours and international partners,” stated the Kazakh diplomat. The International Transport Forum (ITF) at the OECD is an intergovernmental organization with 69 member countries which serves as a think tank for transport policy and organizes annual summits of transport ministers. Kazakhstan has been an ITF member since 2017.

Trans-Caspian Corridor Trans-Afghan corridor international cargo Transport and Logistics

First Cargo Transported from Pakistan to Azerbaijan via Kazakhstan

A Pakistani transport and logistics company, TCS, has now completed a pilot delivery of goods from Karachi (Pakistan) to Baku (Azerbaijan) through the Caspian seaport of Aktau in Kazakhstan. The shipment was organized with the assistance of the Embassy of Kazakhstan in Islamabad, in an effort to expand Kazakhstan’s transit transport potential. Kazakhstan’s Foreign Ministry announced that the transportation of Pakistani pharmaceutical products under TIR, along the 4,820 km long route through Afghanistan and Uzbekistan to Aktau and then by sea to Baku, took 21 days. According to Pakistani logistics experts, the Trans-Afghan corridor in tandem with the Karakoram Highway, can provide significant impetus to expanding the transit and transport potential of Kazakhstan and Pakistan, with reference to the Trans-Caspian International Transport Route.

SPECA Transport and Logistics International trade International Cooperation Trans-Caspian Corridor

SPECA Countries’ Digitalization of Multimodal Data Exchange along Trans-Caspian Transport Corridor

An international seminar on “Trade Facilitation and Digital Transformation of Multimodal Data and Document Exchange along the Trans-Caspian Corridor” was held in Aktau, Kazakhstan on June 11-12. Participants included the Ministry of Trade and Integration of Kazakhstan, the United Nations Economic Commission for Europe (UNECE), the International Association “Trans-Caspian International Transport Route” (TCITR), and partners including the German Society for International Cooperation (GIZ) and the Permanent Secretariat of the Intergovernmental Commission of the Transport Corridor Europe-Caucasus-Central Asia. The seminar followed the adoption of the SPECA Roadmap for Digitalization of Multimodal Exchange of Data and Documents along the Trans-Caspian Transport Corridor, using UN legal instruments and standards, at the Presidential Summit of participating States of the United Nations Special Programme for the Economies of Central Asia (SPECA), back in November 2023, The workshop in Aktau, which brought together experts in trade, transport, and digitalization from fifteen countries, focused on the digitalization of multimodal exchange of data and documents along the Trans-Caspian Transport Corridor, particularly in the ports of Baku (Azerbaijan), Aktau (Kazakhstan), and Turkmenbashi (Turkmenistan). During the event, reports were given on the implementation of UN standards for digitalization of international supply chains, port community systems, interoperability, and multimodal data exchange. A visit to Kuryk, organized by the Kazakh side, included a presentation of the port’s digitized system as well as ongoing work on transhipment and storage of cargo. The United Nations Special Program for the Economies of Central Asia (SPECA) was launched in 1998 to strengthen sub-regional cooperation in Central Asia and its integration into the world economy. SPECA countries include Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. Kazakhstan's trade turnover with SPECA countries in 2023 amounted to $9 billion.