Caspian Aktau Seaport has seen the second stage of the expansion project complete

The Caspian Aktau Seaport has seen the second stage of the expansion project complete, KazTag Agency reports, citing the Development Bank of Kazakhstan. “The 500-meter breakwater has been commissioned as part of the project to expand the seaport northwards”, the statement reads. The third stage envisages dredging works, whereas the fourth stage envisages creation of three dry cargo berths complete with supportive infrastructure. “The expansion project seeks to expand handling capacity of the only maritime gates of the country twofold. The port will be able to handle over 3 million tons of dry cargoes. The sea port headcount will be increased by 364 people. 650 people are currently being employed for the construction works”, the statement reads. The project is estimated at $283.6 million and is financed via the Development Bank of Kazakhstan. The Aktau sea port was constructed back in 1963 mainly to export uranium ore and crude coming from oil fields of the Mangyshlak region. Located on the eastern shore of the Caspian Sea, the port is the only maritime gates of the nation, enabling to export dry cargoes, crude and petroleum products.