1. Main
  2. Learn
  3. News overview
  4. Kazakhstan

Head of National Railways Operator reported to President Nazarbayev on the Company’s performance05 октября 2011, 16:55

KTZ Head Askar Mamin. ©Yaroslav Radlovsky KTZ Head Askar Mamin. ©Yaroslav Radlovsky
Net profit of the KazakhstanTemirZholy (KTZ) National Railways Operator as of the end of 2011 is expected at $612.2 million, KTZ Head Askar Mamin reported to President Nazarbayev October 5. “I reported to the Head of State on the Company’s performance for the first 9 months. The plan is exceeded”, President Nazarbayev’s Press Service quoted him as saying. Mamin also reported that “this year Zhetygen-Korgas railway link to China is being completed; Uzen – Turkmenistan border railway link is already complete”. “This December Kazakhstan will see its passenger railway cars production facility launched; this will enable to start high-velocity trains all across Kazakhstan. From 2008 to 2010 the Company boosted railway manufacturing tenfold from $68 million to $680 million», according to Mamin.

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan