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Kazakhstan Temir Zholy
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Managers of Kazakhstan Temir Zholy, KazAtomProm and KazMunaiGas spoke about the current and future optimization of their structures.
Kazakhstan Prime-Minister Karim Massimov refuted the gossips about transferring of KazMunaiGas and Kazakhstan Temir Zholy to respective ministries. Commented People's IPO plans and Kashagan budget.
Back in 2010 Kazakhstan Temir Zholy National Railways Operator and Patentes Talgo S.L. of Spain agreed on launching a JV to produce and maintain passenger railway cars.
293 kilometers of railroad have been laid, 5 stations, 9 crossing loops, 28 bridges and 2 viaducts were built since 2009.
The signing ceremony was held in the Government’s House in Astana.
Samruk-Kazyna Fund offers unprecedented conditions to national producers to produce goods consumed by the Fund's group of companies.
Head of Kazakhstan Temir Zholy reported on the results expected from the company's innovative projects at the meeting of Samruk-Kazyna group.
According to Vice President of Kazakhstan Temir Zholy, the plans are to manufacture a total of 420 railway cars to link major cities with high-velocity connections within three years.
Net profit of the KazakhstanTemirZholy (KTZ) National Railways Operator as of the end of 2011 is expected at $612.2 million.
Besides, KazakhstanTemirZholy National Railways Operator has signed agreements with other companies to rent a total of 5 500 grain railway cars.
According to the Company, the new trains will be running at 160 km per hour.
Kazakhstan is hosting its first international poker series. If the debut is successful Kazakhstan could become a Central Asian poker Mecca.
The agreement is only applicable to freights and does not cover passenger traffic.
Rates on railroad transportation will keep raising in the next three years: Kazakhstan Vice-Minister of Transport and Communications.
Kazakhstan Temir Zholy launched a new passenger train No.47/48 that is cruising between Astana and Atyrau.
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