26 ноября 2013 15:58

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

©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.

Russia railway news Kazakhstan Temir Zholy Kazakhstan Kazakh Customs Union CIS Belarus

TENGRI LIFE

TENGRI TRAVEL