1.8 trillion tenge invested in Kazakhstan’s transport and logistics sector in 2023

1.8 trillion tenge invested in Kazakhstan’s transport and logistics sector in 2023

The total volume of cargo transportation through Kazakhstan has reached 895 million tonnes since the beginning of the year, marking an almost four percent increase compared to last year. Transit accounts for over 29 million tonnes, with figures rising by 21 percent. The relevant ministry summed up the results of the year in the transport industry. Thus, the country has started the implementation of a number of major transport projects, covering road, railway, air, and maritime sectors. Construction has begun on a bypass railway line around the Almaty station and the Darbaza-Maktaaral line. The first aims to reduce delivery times for goods, while the second is set to increase throughput capacity in the direction of Central Asia by 10 million tonnes. Additionally, the construction of the Bakhty-Ayagoz railway line is currently underway. Once completed, this project will further boost freight turnover between Kazakhstan and China by an additional 20 million tonnes. In terms of roads, repair and construction works have covered over 10,000 kilometers of roads of both national and local significance this year. Three major projects, namely BAKAD, Kandyagash-Makat, and Usharal-Dostyk, have been completed.

“By the conclusion of 2023, the transport industry has demonstrated significant achievements in key indicators. Real growth in this sector reached seven percent. The investment volume in fixed capital within the transport sphere amounted to 1.8 trillion tenge, representing a 1.6-fold increase compared to the previous year. Positive trends are also observed in international freight transportation. The growth in the overall volume of export-import goods reached 22 percent, or seven million tonnes. Transit shipments increased by 44 percent to 3.6 million tonnes. The share of domestic carriers in international transportation grew by five percent, reaching 47 percent,” said Marat Karabayev, Kazakh Minister of Transport.

This year, work has been initiated on crucial projects for the development of Kazakhstan’s maritime infrastructure. Thus, a grain terminal was launched in partnership with a UAE-based company at the Kuryk port. Additionally, there are plans to create a container hub, renovate berths, and update loading equipment and machinery at the Aktau port.