Kazakhstan at Global Gateway presented projects to attract investments worth 40 billion euros

At the opening ceremony of the forum in Brussels noted the stability of meetings between the Ministry of Transport of Kazakhstan and the European Commission, confirming the mutual desire to strengthen partnership and transport connectivity through the Global Gateway initiative

Minister of Transport in his speech presented to the participants of the Euroforum presentation on the achievements and prospects of the transport industry of Kazakhstan, emphasizing the key role of the country in the transit of goods between Europe and Central Asia.

He noted that cargo turnover is growing at a faster pace. Thus, at the end of 2023 transit traffic only with the PRC increased 2-fold, and the total volume of transit increased by 43%.

Marat Karabayev proposed to use Kazakhstan's sites as the main and most sustainable transit route between Europe and Asia.

In the main part of the presentation, the head of the Ministry of Transport said that in the next 5 years for the implementation of major infrastructure projects in the field of transport Kazakhstan intends to attract investment for 40 billion euros.

"During this period it is planned to reconstruct transit corridors with a length of 4.7 thousand km and repair the same number of roads, which form the basic framework of TMTM. To implement the projects, we offer to attract funds within the Global Gateway initiative and invite European contracting organizations to become participants in a large project for the construction of roads in Kazakhstan," the minister said.

In the railway sector, the construction of new main lines with a length of 1,300 km and modernization of the existing infrastructure is expected. This work is aimed at multiplying the capacity between Asia and the European Union.

In the field of civil aviation for the development of the industry and the creation of a continental transit hub, it is planned to transfer 22 airports of Kazakhstan to investors under management.

To strengthen the maritime fleet and create a container hub in the port of Aktau, investors are offered 171 hectares for the development of terminal facilities. Along with this transfer of sea ports Aktau and Kuryk in trust management on ship-or-pay terms is possible.

In conclusion, Marat Karabayev invited European organizations and companies to participate in the New Silkway forum, which will be held in June in Astana, and also proposed to organize an investment forum on partnership between the EU and Kazakhstan in the transport industry in September this year.