The first dry cargo sea company will be created in Kazakhstan till the end of 2013, Kazinform reported quoted Askar Mamin, President of Kazakhstan Railway joint stock company (JSC), as saying at the II International Transportation Logistic Business Forum “Kazakhstan – New Silk Road” in Astana.
The project to expand the Aktau sea port will be compleetd in December 2014, the airport infratructure will be upgraded and during two years the transport logistic centres of A and B class will be created with involvement of private sector, he added.
“The transport logistic complexes are also created outside of Kazakhstan to consolidate and distribute the transit cargo flows and the centres of advancement of Kazakhstan export. The terminal infastructrue will be created in Lunyuingan port on the west of China and the projects in Central Europe, Baltic and Black Seas and the Persian Gulf are under consideration,” Askar Mamin added.
Mamin also reminded that 2,878-km-long highway Western Europe – Western China is under construction now and it will be completed in 2015.
Till 2020 over $60 billion will be invested into upgrade and development of the transport infrastructure and logistic assets.—0--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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