• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00213 0%
  • TJS/USD = 0.10792 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 16

Tokayev Urges Faster Start of Construction on New Airport in Astana

Kazakhstan’s President Kassym-Jomart Tokayev has called for construction of a new airport in Astana to begin as soon as possible, citing growing regional competition for transport and passenger traffic. In 2025, the domestic terminal at Astana International Airport handled 6.3 million passengers, more than twice its annual design capacity of 3 million. The overload prompted city authorities to first consider expanding the existing airport and later to discuss building a second air hub. The idea was also backed by an earlier instruction from Tokayev to assess the feasibility of a second airport in the capital and determine a possible location. In early June, media reports suggested that the new airport could be built in the northwest of Astana, while the existing airport is located in the southeast. The city administration denied that a site had been selected, saying only that potential locations were being considered as part of adjustments to the capital’s master plan. Speaking at a joint session of parliament on June 30, Tokayev said the project should now move faster. “In aviation, there is accelerated expansion of route networks and the formation of full-fledged air hubs. From this point of view, the construction of a new airport in Astana is a task that cannot be delayed. Construction must begin as soon as possible,” Tokayev said. The president also said Kazakhstan should create a national cargo airline to enhance its position in international logistics. “As the leading oil and gas country in the region, we must create a strong aviation fuel supply infrastructure. This is a very important task that cannot be delayed,” he said. Tokayev also highlighted the need to improve Kazakhstan’s road network. He said repair work began last year on 13,000 kilometers of roads, 6,000 kilometers of which have been put into operation. Tokayev described it as the largest road infrastructure effort in the country’s history. He said modernization of several road border checkpoints should be completed next year. “As a result of these efforts, transit freight by road has doubled over the past five years and reached 6 million tons,” Tokayev said. He added that road carriers in Kazakhstan generated about $3.12 billion in revenue last year, nearly matching revenue from rail transport and showing the sector’s growth potential. Tokayev also pointed to ongoing railway modernization. Last year, traffic was launched on the second tracks of the Dostyk-Moyynty section and on the Almaty bypass railway line. This year, construction is expected to be completed on the Moyynty-Kyzylzhar and Darbaza-Maktaaral railway lines, while the Bakhty-Ayagoz line is due to be commissioned next year. “We need to focus on the most important element of the country’s infrastructure framework, the transport and logistics sector. This sector is of strategic importance. All countries in our region are paying attention to it, so competition is intensifying,” Tokayev said. As previously reported by The Times of Central Asia, Kazakhstan’s aviation authorities plan to double the country’s domestic aircraft fleet by 2030 and are seeking foreign investors to build new cargo and...

Uzbekistan and BRICS New Development Bank Agree on $4.5 Billion Joint Project Portfolio

Uzbekistan’s President Shavkat Mirziyoyev has held talks with Dilma Rousseff, president of the New Development Bank (NDB), who arrived in Tashkent to take part in the Tashkent International Investment Forum. According to Uzbekistan’s presidential press service, Mirziyoyev and Rousseff discussed prospects for expanding cooperation with the NDB, including the implementation of agreements reached during previous negotiations. Rousseff praised Uzbekistan’s economic reforms and said the bank was ready to support the country’s priority socioeconomic development goals. The meeting also covered Uzbekistan’s recent accession to the NDB. Uzbekistan officially became the bank’s 10th shareholder in June 2026 and the first Central Asian country to join the institution. Mirziyoyev and Rousseff agreed to form a medium-term portfolio of joint projects in energy, water management, transport and engineering infrastructure, and support for the private and social sectors. NDB expert missions will help implement the initiatives. In May, Uzbekistan’s Ministry of Investment, Industry and Trade said a project portfolio worth $4.5 billion had been prepared for financing through the NDB. It includes projects in transport, energy, construction, and industry. In particular, the possibility of attracting funds for the construction of a nuclear power plant is under consideration. The meeting also covered the NDB’s participation in major regional transport and logistics projects, as well as Uzbekistan’s environmental transformation programs. The NDB was created by BRICS countries in 2014. It is one of the main financial institutions of the Global South. The bank holds an AA+ credit rating and is developing alternative financial mechanisms, including settlements in national currencies. According to the presidential press service, Uzbekistan’s accession to the NDB will help diversify sources of external financing and attract concessional investment for economic modernization.

Tajikistan EBRD Cooperation Targets Telecoms and Border Logistics

Tajikistan is set to attract approximately $43 million in financing to modernize its telecommunications infrastructure, while the government and the European Bank for Reconstruction and Development (EBRD) are also advancing plans for a new logistics hub on the border with Uzbekistan. The initiatives were discussed during the EBRD Annual Meeting and Business Forum and reflect the bank’s broader support for improving digital and transport connectivity in Tajikistan. A memorandum of understanding was signed between Tajikistan’s Ministry of Finance, the Communications Service under the government, and the EBRD to support the modernization and expansion of the country’s telecommunications network. The document was signed by First Deputy Finance Minister Yusuf Majidi, First Deputy Head of the Communications Service Parviz Noriyon, and Holger Münt, EBRD director for telecommunications, media and technology. The project aims to expand digital infrastructure, improve access to modern communications services, enhance service quality and support the country’s ongoing digital transformation. The planned investment of approximately $43 million is expected to strengthen regional connectivity while creating new opportunities for businesses and consumers. Separately, Transport Minister Azim Ibrohim met with EBRD Country Director for Tajikistan Holger Wiefel and other bank representatives to discuss transport infrastructure projects, including plans for a logistics center at the Dusti border crossing in Tursunzade, on the Tajik-Uzbek border. The talks focused on a preliminary feasibility study for the proposed logistics hub, covering legal, technical and economic aspects of the project. Officials said the preparatory work should allow the initiative to move to the next stage of implementation. The parties also reviewed the progress of ongoing transport-sector investment projects and discussed opportunities for further cooperation. The discussions come as Tajikistan seeks to strengthen both its physical and financial links with external partners. Last week, TCA reported that officials from the National Bank of Tajikistan and the Agricultural Bank of China had discussed expanding interbank cooperation, easing trade payments, supporting Chinese-backed investment projects and using digital tools in Tajikistan’s financial sector. The two sides also discussed the possibility of opening branches of Chinese banks in Tajikistan. That push reflects the growing role of external finance in Tajikistan’s infrastructure plans. TCA has previously reported that more than 70% of funding for the country’s state investment projects comes from three institutions: the World Bank, the Asian Development Bank and the EBRD, with China also remaining an important source of trade and investment financing. Tajikistan EBRD cooperation goes back more than three decades. Since beginning operations in the country in 1993, the bank has invested more than €1 billion across 192 projects. Under its 2025-2030 country strategy, the EBRD is focusing on private-sector competitiveness, sustainable energy, transport, municipal infrastructure, financial-sector development and support for small and medium-sized enterprises, with connectivity projects expected to play an increasingly important role in Tajikistan’s economic development and regional integration.

Kazakhstan and Russia Launch Driverless Freight Transport Route

Kazakhstan and Russia have launched a pilot project for driverless freight transportation between the two countries, marking a new stage in the digitalization of Eurasian logistics and cross-border transport infrastructure. Kazakhstan's President Kassym-Jomart Tokayev announced the launch during a press conference following talks with Russian President Vladimir Putin. Commenting on the results of the negotiations, Tokayev said that transport connectivity plays a crucial role for both neighboring countries in delivering goods to domestic and international markets. He added that Kazakhstan and Russia are actively developing transcontinental transport corridors along both the North-South and East-West routes as part of wider efforts to strengthen Eurasian connectivity. “It is encouraging that systematic measures are being taken to optimize tariffs, simplify administrative procedures, and modernize border infrastructure, resulting in steady growth in cargo transportation volumes,” Tokayev said. He also said that freight volumes between the two countries reached approximately 92 million tons last year, an increase of nearly 3.5%. “We plan to continue increasing these indicators, including through the introduction of advanced digital solutions and artificial intelligence technologies. A clear example is today’s launch of driverless freight vehicles between our countries,” Tokayev added. Speaking on the sidelines of the Eurasian Economic Forum, Kazakhstan’s Vice Minister of Transport Damir Kozhakhmetov told the Russian news agency TASS that the first test routes are operating between Astana and Moscow. “As part of cooperation between our two countries, we are integrating our digital solutions in order to move from traditional systems into a new era of autonomous transportation,” Kozhakhmetov said. “Two trucks departed simultaneously from Moscow and Astana and crossed the border checkpoint. This demonstrated that we are already infrastructurally prepared to move to a new level of cooperation,” he added. Earlier, Kazakhstan’s Minister of Transport Nurlan Sauranbayev said Russia and Kazakhstan were prepared to establish permanent driverless freight routes as early as this year. Tokayev said the innovative transport initiative reflects the broader quality of bilateral relations between Kazakhstan and Russia. “In conditions of continuing turbulence in global politics, stable and predictable models of interstate partnership acquire special value,” the president said. “Relations between Kazakhstan and Russia have stood the test of time and are now successfully responding to the challenges of a new era.” According to Tokayev, bilateral cooperation is based on large-scale projects that provide practical benefits for both countries, while stable trade and economic ties continue to support growth across key sectors of their economies. He noted that bilateral trade turnover in the agricultural sector alone has increased by approximately $1 billion over the past five years. Investment cooperation has also continued to expand. Tokayev said Russia has become the largest source of foreign direct investment in Kazakhstan, with total Russian investments exceeding $29 billion. “At the same time, Kazakh investments in the Russian economy have reached $9 billion, which is also a strong indicator,” Tokayev said. According to the president, more than 20,000 companies with Russian participation currently operate in Kazakhstan. Tokayev also highlighted energy cooperation as another example of successful bilateral partnership,...

Uzbekistan, Afghanistan Open New Cargo Terminal on Hairatan-Mazar-i-Sharif Railway

A new dry port terminal has opened on the Hairatan-Mazar-i-Sharif railway in northern Afghanistan, marking another step in efforts by Uzbekistan and Afghanistan to expand regional transport infrastructure and increase cargo capacity between Central and South Asia. According to Uzbekistan railways (‘O'zbekiston Temir Yo'llari’), an Uzbek delegation visited Mazar-i-Sharif on May 21, where officials attended the inauguration of Port No. 5, a newly constructed and restored cargo facility on the railway corridor operated by Sogdiana Trans, a subsidiary of Uzbekistan Railways. The terminal received its first freight train during the ceremony, officially launching cargo unloading operations. Uzbek and Afghan representatives said the facility is expected to increase freight volumes and improve logistics efficiency along the Hairatan–Mazar-i-Sharif line, which remains one of Afghanistan’s main rail links to Central Asia. The Hairatan–Mazar-i-Sharif railway, completed in 2010 with financing from the Asian Development Bank, links Afghanistan’s northern trade hub at Hairatan, near the Uzbek border, with Mazar-i-Sharif. The line has become a key corridor for moving fuel, food products, construction materials, and humanitarian cargo. During the visit, Uzbekistan railways Chairman Zufar Narzullayev held talks with Afghanistan’s Deputy Prime Minister for Economic Affairs, Abdul Ghani Baradar. Discussions focused on increasing the carrying capacity of the railway and accelerating infrastructure upgrades. Among the proposals was the construction of an additional 1.65-kilometer branch line near Naibabad station. Officials said the project could reduce wagon waiting times and increase overall railway efficiency. Baradar reportedly welcomed the initiatives and instructed Afghan public works authorities to coordinate technical and construction work with Uzbek counterparts. Afghanistan’s Ministry of Public Works also stressed the need to expand cargo traffic, stating that Afghan authorities are prepared to receive and unload increasing volumes of freight moving through the corridor. The opening of Port No. 5 is part of a wider Uzbek push to strengthen transport and energy links with Afghanistan, inspired by Tashkent's broader ambitions to improve access to South Asian and Middle Eastern markets. Uzbekistan has repeatedly promoted trans-Afghan transport routes as a way to reduce regional trade bottlenecks and expand Central Asia’s external connectivity. In February 2025, Baradar announced that construction of the proposed Hairatan-Herat railway extension would begin shortly after completion of a feasibility study financed by Uzbekistan. The planned route would extend the existing railway westward through Afghanistan toward Herat, potentially strengthening trade connections between Central Asia and the Middle East. During the same visit in 2025, Baradar said Uzbekistan had agreed to reduce the cost of a power transmission project to Afghanistan by $30 million.

Kyrgyzstan to Temporarily Open Alternative North-South Highway from June to November

Kyrgyzstan’s alternative North-South highway will be open to traffic from June to November 2026, the Ministry of Transport and Communications has announced. Preparatory work for the seasonal opening is currently underway, including the implementation of additional safety measures. The long-anticipated 433-kilometer highway is a strategic transport corridor linking Balykchy in the Issyk-Kul Region with Jalal-Abad in southern Kyrgyzstan. Approximately 200 kilometers of the route pass through areas where no roads previously existed. Key engineering achievements along the route include Kyrgyzstan’s longest tunnel, located at the Kok-Art mountain pass, and two major overpass bridges. Once operational, the highway is expected to reduce travel time between Jalal-Abad and Balykchy from 13 hours to just six. Currently, the only route connecting Kyrgyzstan’s northern and southern regions is the Bishkek-Osh highway. The new North-South corridor is expected to improve both passenger and freight transportation between the regions, particularly given the absence of a direct railway connection. Construction of the North-South highway began in 2014, but the opening has been repeatedly postponed. The highway is expected to become fully operational year-round in 2028, according to Minister of Transport and Communications Talantbek Soltobaev. He said that in 2026 the highway would only operate during the summer season. “Until we resolve safety issues, we will be closing the highway for the winter,” the minister said, referring to the need to eliminate risks associated with rockfalls, avalanches and other natural hazards along certain sections of the road.