Exports of Kazakh products via TITR triple

Exports of Kazakh products via TITR triple

Exports of Kazakh products along the Trans-Caspian International Transport Route (TITR) increased threefold, as reported by the relevant ministry. In total, over the first 11 months of this year, the traffic volume through seaports reached 6.5 million tonnes, which is 10 percent more than in 2022. Experts note that the majority of Kazakh exports are being transported to European countries. It is noteworthy that Kazakh President Kassym-Jomart Tokayev has instructed to increase the transportation volumes through the Middle Corridor fivefold. To this end, corresponding roadmaps have been signed with Azerbaijan, Georgia, and Turkey. As part of their implementation, each country is taking measures to synchronize the development of transport infrastructure. The Kazakh Ministry of Transport will focus on the digitization of corridors, the development of the merchant fleet, ensuring navigation safety, and enhancing terminal capacities and suitable railway infrastructure near ports. This will facilitate a threefold increase in cargo handling compared to the current capacity.

“The construction of a container hub at the port of Aktau will commence next year. An agreement has been signed with the Lianyungang port for the implementation of the project. The feasibility study will be ready by April 2024. Additionally, construction of grain terminals in the Kuryk port has been completed this year. Terminals for general cargo and green hydrogen transshipment will be built as well. The Kuryk port terminals will be developed through private investments totaling over $200 million,” said Kazakh Minister of Transport Marat Karabayev.