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  • Kazakhstan, Turkey sign memorandum to develop railway transport
13 November, 2019 14:08

Kazakhstan, Turkey sign memorandum to develop railway transport

The Kazakh-Turkish business forum taking place in Istanbul (Turkey) has seen the signing of a memorandum of cooperation between Kazakhstan Temir Zholy Express (a subsidiary of Kazakhstan Temir Zholy) and Pasifik Eurasia Lojistik Dış Ticaret A.Ş, aimed to develop transportation through the South Corridor via Kazakhstan, the Kazakh railway company’s press service informs.

Kazakhstan, Turkey sign memorandum to develop railway transport  | Strategy2050.kz

The forum has taken place as part of the visit of the Kazakh Prime Minister, Askar Mamin, to Turkey to participate in the 10th meeting of the Kazakh-Turkish Intergovernmental Commission on Trade and Economic Cooperation.

It focuses on creating a platform to strengthen business ties between Kazakhstan and Turkey, discuss prospects for cooperation in the field of logistics, trade and investment.

The document signed between Kazakhstan Temir Zholy Express and Pasifik Eurasia Lojistik Dış Ticaret A.Ş provides for the competitiveness of the South Corridor by reducing transaction costs and improving the quality of the container service provided through mutual use of assets.

The cooperation between Kazakhstan and Turkey in the transport and logistics industry is developing rapidly. So the container traffic volume has reached 5.4 thousand TEUs within 9 months of 2019, increasing by 2.2 thousand TEUs or 69%, compared to the same period in 2018. At the same time, work is underway to introduce new logistics services.

In particular, in October 2019, Kazakhstan Temir Zholy in partnership with the railway administrations of China, Azerbaijan, Georgia and Turkey launched the alternative container service en route Xi'an-Istanbul-Prague, through the Trans-Caspian transport corridor and under the Bosphorus Strait through the Marmaray Tunnel.

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SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

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95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan