UN General Assembly Adopts Resolutions Initiated by Turkmenistan

On December 19th, 2023, the UN General Assembly adopted two resolutions initiated by Turkmenistan: “Strengthening connections between all modes of transport to achieve sustainable development goals,” and “The key role of reliable and stable energy connectivity in ensuring sustainable development." The resolution on transport was co-sponsored by 47 states, and the resolution on energy connectivity by 38 countries, the Turkmen Foreign Ministry stated. The document on cooperation in the transport sector proclaims 2026-2035 as the Decade of Sustainable Transport. The authors of the resolution invited the UN Secretary-General to continue international dialogue in this area and consider convening the Third UN Global Conference on Sustainable Transport. According to the document, the main events within the framework of the World Sustainable Transport Day in November 2024 will take place in Turkmenistan. The document on energy connectivity, meanwhile, provides for the consolidation of efforts by the international community to overcome the energy crisis facing the world, and calls for efforts to ensure the reliability and stability of cross-border supplies of energy resources. According to this document, it was proposed that the forum, “Sustainable Energy for All,” aimed at achieving Sustainable Development Goals to ensure access to reliable, sustainable and modern energy for all, be held in Turkmenistan in 2026.

EBRD to Tackle Bottlenecks on Major Logistical Hub

To tackle the identified bottlenecks within the Trans-Caspian corridor, the European Bank for Reconstruction and Development (EBRD) announced on December 27th its commitment to providing financial support for the enhancement of modern logistical infrastructure. The bank's loan, amounting to up to U$ 40 million, is intended for Kazakhstan’s principal private rolling stock operator, Eastcomtrans. This support aims to bolster the operator's container handling capacity, specifically targeting one of the busiest junctions near Almaty city, thereby ensuring the continuous operation of its railway fleet. Eastcomtrans, an EBRD client since 2014 and the possessor of 8% of the nation’s total rolling stock, will utilize the allocated funds, available in both US dollars and Kazakh tenge, to further advance its Zhetygen logistical center. The investment will also facilitate the acquisition of approximately 250 new railcars and the maintenance of its existing stock. Located in close proximity to the Chinese border and adjacent to Kazakhstan's largest urban area, this upgraded logistical hub will function as a pivotal point along the Trans-Caspian Corridor. It is poised to enhance the smooth flow of cargo traffic across Kazakhstan. Anticipating a surge in trade volumes, especially in container traffic between Asia and Europe, the hub's development aims to accommodate the escalating demand for freight transit.