Kazakhstan plans to invest about $11 billion in development of transport infrastructure. Diplomats, representatives of international organizations and the different missions accredited in Kazakhstan were told about the Nurly Zhol state program and the plans to integrate the program with the Chinese initiative Silk Road Economic Belt. As Kazakh Minister of Investments and Development Zhenis Kassymbek announced, Kazakhstan intends to become a major logistics operator for transit of goods from the East to the West and vice versa. The favorable geographical position of Kazakhstan in the center of the Eurasian continent creates beneficial conditions for transit development. In the last five years, more than $23 billion was invested in the logistics industry. Due to massive investments in the indicator ‘quality of infrastructure’, Kazakhstan in the ranking of the Global Competitiveness Index of the World Economic Forum has risen by 19 points.
Zhenis KASSYMBEK, KAZAKH MINISTER OF INVESTMENTS AND DEVELOPMENT:
We do not have open access to seas, but we have two large oceans from two sides, which open the way to the Chinese, Russian market and the EU. Today, many of the projects that are implemented within Nurly Zhol program are aimed at creation of transport corridors and integration of our transport system in the direction of East-West and West-East.
According to experts, Nurly Zhol program and the Silk Road Economic Belt initiative have essential and reasonable common points. Both projects are aimed at creating conditions to facilitate trade, ensuring transit traffic and development of reliable transport and logistics infrastructure, therefore these two projects have the support of interested countries.
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