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Kazakh-Russian-Belarus transport company to bring Kazakhstan $780 million in revenues

26 november 2013, 15:58
©RIA Novosti
©RIA Novosti
Launching a single transport and logistics company by the state-run railway companies of Kazakhstan, Russia and Belarus will bring Kazakhstan extra revenues of $780 million, Tengrinews reports, citing Mr. Askar Mamin, President of Kazakhstan Temir Zholy National Railways Company, as saying.

State-run railway companies of the three countries are working to launch a single logistics operator on parity basis. The project is estimated at over 2 billion. The joint company is expected to be launched in the Q1 2014.

“The would-be company will secure a flow of 1.7 million containers a year across Kazakhstan by 2020. The railway cargo flow will bring revenues of $780 million; the multiplicative effect for the country’s economy is estimated at $5.3 billion”, Mr. Mamin said in a government’s sitting.

According to him, Kazakhstan Temir Zholy views the single company as a major tool to reach its goals to shift container cargoes from marine routes to railway routes linking Asia to Europe.

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