• KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01152 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09159 -0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0.28%
04 December 2024

Viewing results 1 - 6 of 15

Indian Companies Interested in Turkmenistan’s Seaport

Issues concerning the establishment of cooperation in the field of maritime transportation, as well as the possibility of cargo transit through Turkmenbashi International Sea Port, were recently discussed by representatives of the Agency Turkmendenizdaryaollary with the Ambassador of the Republic of India in Turkmenistan, according the Agency's website reports During the meeting, the excellent potential for cargo transit offered by the Turkmenbashi port, which occupies a crucial location in the North-South transport corridor, was noted and encouraged a proposal by  representatives of “Turkmendenizdaryaollarya” to assist the Indian side in establishing an exchange of expertise in port management. In its summary of the meeting, the report stated,  "The Indian Ambassador said that more than 30 Indian companies are interested in visiting Turkmenistan and familiarizing themselves with the opportunities of Turkmenbashi port. Following the meeting, the parties agreed to make every effort to develop cooperation in maritime transportation.”

Central Asia – EU Political and Security Cooperation

On June 5, Brussels hosted the 11th round of the annual High-Level Political and Security Dialogue between the European Union and Central Asia. Chaired by Enrique Mora, Deputy Secretary-General for Political Affairs of the European External Action Service, the meeting was attended by Deputy Ministers of Foreign Affairs of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. As reported by Kazakhstan’s Foreign Ministry, the agenda comprised the implementation of the Joint Roadmap for Deepening Ties between Central Asia and the EU, the dynamics of transport, trade, economic, energy and climate relations, and common security challenges regarding Afghanistan. Roman Vassilenko, Deputy Minister of Foreign Affairs of Kazakhstan, presented several initiatives relating to energy, trade and water resources management aimed at enhancing interregional cooperation with the EU. Outlining the priorities of Kazakhstan’s chairmanship of the International Fund for Saving the Aral Sea (IFAS), he highlighted a program for continuous monitoring of the basin ecosystem. To be implemented over the next three years, the initiative will provide a mechanism for long-term intraregional cooperation on the Aral issue. Vassilenko also reiterated the need for Central Asian countries to synchronize efforts in the fields of effective irrigation, the operation of water and energy facilities, and the implementation of environmental measures. The European External Action Service reported that in turn, the EU had reaffirmed its willingness to support efforts to intensify its cooperation on security with Central Asia, especially in areas concerning management of water-related challenges, energy and climate change, and connectivity. The High-Level Political and Security Dialogue was the latest conference to be held within the context of increased engagement between Central Asia and the European Union. Central Asia’s Heads of State and the President of the European Council had previously met on 27 October 2022 and 2 June 2023.  At a further EU-Central Asia Ministerial meeting on 23 October 2023 in Luxembourg, the 27 EU Foreign Ministers adopted a Joint Roadmap for Deepening Ties between the EU and Central Asia with concrete actions for strengthening cooperation, most notably regarding security. The EU and Central Asian countries are now planning the first-ever EU-Central Asia Summit for later this year.    

AIIB Forwards Construction of Strategic Bridge in Tajikistan

The Asian Infrastructure Investment Bank (AIIB) has approved a loan equivalent to US $75.5 million to Tajikistan for the construction of a 920-meter-long bridge and approach routes on the Obigarm-Nurobod section of M41 International Highway. The bridge is the first of such magnitude in Tajikistan and a critical component of the county’s road network. Linking Corridors 2, 3 and 5 of the Central Asia Regional Economic Cooperation Program, it will provide essential connections between Tajikistan’s landlocked terrain and neighbouring regional markets. Designed to withstand all weathers, the bridge will connect over 350,000 residents of the northeast region of Tajikistan to the capital Dushanbe, as well as the border of Kyrgyzstan. To align with Tajikistan’s National Development Strategy, the government has prioritized its timely completion and construction of the 75-kilometer Obigarm-Nurobod section has been divided into three phases to ensure synchronized implementation. Illustrative of a collaborative approach to advancing sustainable development and enhancing connectivity in Tajikistan, AIIB has fostered close coordination with other financiers, including the Asian Development Bank, OPEC Fund for International Development and European Bank for Reconstruction and Development. Lauding the initiative, Konstantin Limitovskiy, AIIB’s Vice President for Investment Operations in Region 2, commented: “The project aligns with two core thematic priorities of AIIB. First, it contributes to cross-border connectivity by establishing vital cross-border links with improved road safety along Tajikistan's essential corridor and ensuring connectivity between regions. Secondly, it embraces green-finance principles by integrating environmentally and socially responsible practices and promoting resilient sustainable mechanisms in the road infrastructure development.”    

Kazakhstan and Singapore Join Forces to Boost Economy and Transport

On 23 May, Kazakhstan President Kassym-Jomart Tokayev’s made his first state visit to Singapore to engage in meetings with Singaporean President Tharman Shanmugaratnam focusing on connectivity, critical raw materials, and economic cooperation. Over 140 Singaporean companies and joint ventures currently operate in Kazakhstan. The country has invested over $1.7 billion in the Kazakh economy and bilateral trade is forecast to exceed $2 billion. Tokayev hailed Singapore as a time-tested and reliable partner of Kazakhstan and in talks with Singapore Prime Minister Lawrence Wong, expressed confidence that his visit would strengthen bilateral relations. Citing the complementary nature of their countries’ economies, Lawrence Wong stated that Singapore can provide a gateway to further Kazakhstan’s interaction with ASEAN countries and in turn, Kazakhstan can facilitate Singapore's rapprochement with Central Asian countries. Regarding economic and investment cooperation, the parties reaffirmed their mutual commitment to expanding joint ventures in green energy, transport and logistics, digitalization, finance, agribusiness, connectivity, e-commerce, and mining and processing of critical minerals. President Tokayev and Prime Minister Wong welcomed the implementation of Alatau City (G4 City); a thousand-kilometer Special Economic Zone to be developed by Kazakhstan with support from Singaporean company Surbana Jurong in the region of Almaty. Tokayev expressed his gratitude to the Singaporean company for developing the comprehensive master plan for the project which he described as a catalyst for boosting both his country’s economy and that of Central Asia. Tokayev and Wong also commended the partnership between Singapore’s PSA International and Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) aimed at increasing the potential of the Trans-Caspian International Transport Route (TITR). A Memorandum was signed by KTZ and PSA to further develop Kazakhstan’s transport and transit potential and an agreement made to increase the volume of cargo transit through Kazakhstan by means of a synergy of their assets in China. Today, KTZ operates railway terminals in China in the dry port of Xi'an and the seaport of Lianyungang. Assets held by PSA include marine terminals in six ports and railway terminals in 13 cities in China. Speaking at the Kazakhstan-Singapore Business Forum later in the day, Tokayev emphasized that because it offers “the shortest and most sustainable route from Central and East Asia to Europe,” TITR has the potential to radically enhance Eurasian cooperation. The Kazakh president outlined promising areas of cooperation between the two countries, and announcing Kazakhstan's readiness to supply critical raw materials and natural resources to Singapore, stated: “Considering that global demand for rare metals will quadruple by 2040, Kazakhstan, which has approximately 5,000 unexplored deposits, can become a reliable partner for the joint development of this potential. We have high hopes for long-term cooperation with the Indorama company, which is interested in exploring copper and phosphate deposits in Kazakhstan.” Tokayev also called on Singaporean companies to expand partnerships in the production of clean energy and the transfer of technology and expertise.

Kazakhstan and Uzbekistan Boost Transport Cooperation

On May 11, Ministers of Transport of Kazakhstan and Uzbekistan, Marat Karabaev and Ilkhom Makhkamov signed a Road Map for strategic cooperation in transport and logistics for 2024-2025. During the meeting in Astana, the ministers discussed the development of international transport corridors, rail and road transportation, and joint projects relating to the construction of a transport infrastructure. High on the agenda, were the joint implementation of the construction of the Uzbekistan – Afghanistan – Pakistan railway and the collaborative development of the multimodal transport corridor Belarus – Russia – Kazakhstan – Uzbekistan – Afghanistan – Pakistan. With reference to accelerating transportation through the digitalization of cargo documentation, the parties lauded the introduction of the ‘E-permit’ system of electronic exchange of permit forms between the two countries. The Kazakh side welcomed  Uzbekistan’s plans to build the Termez – Mazar-i-Sharif – Kabul - Peshawar railway and confirming his country’s readiness to participate in the project, Marat Karabaev stated, “The implementation of the project will contribute to the development of regional connectivity and trade for the countries of Central Asia, giving them access to the major sea ports of the South Asian region.” The parties also reported that work is now underway on a new railway line between Darbaza and Maktaaral, which will increase the throughput capacity between Kazakhstan and Uzbekistan by a further 10 million tons. The Kazakh minister noted that the volume of export-import transportation between the two countries by road increased by 6% over the past year and amounted to 1.8 million tons.  

Kazakhstan, Russia and China Create New Transport Hub

Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ), Russia’s Slavtrans-Service JSC, and China’s Xian Free Trade Port Construction and Operation Co., Ltd have begun construction on a new transport and logistics center, CRK Terminal, at Selyatino station in the Moscow region. The new logistics hub is designed to develop direct transport links between the Kazakh-Chinese terminal in Xi'an (China), Russia and other countries. In 2023 the volume of cargo transported by rail between China and Russia through Kazakhstan amounted to 3.8 million tons, an increase of 35% compared to 2022. In the first quarter of 2024, transit traffic along the China-Russia-China route remained at a stable 0.9 million tons.