finance
Kazakhstan Plans Privately Funded Cargo Terminal at Iran’s Bandar Abbas Port
Deputy Prime Minister Serik Zhumangarin told parliament in late June that the 15-hectare facility will be financed entirely by private investors. The project aims to give Kazakhstan access to Indian, East African, Persian Gulf and Southeast Asian markets via an existing rail link.
Jul 7, 2:00 PM·1m read1 source
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Kazakhstan plans to build a privately financed cargo terminal occupying roughly 15 hectares at Iran's Bandar Abbas port. Deputy Prime Minister Serik Zhumangarin told a joint session of parliament in late June that lease terms have been agreed and no state funds will be used. Goods would move from the western city of Aktau to Bandar Abbas over an existing rail line through Turkmenistan.
Zhumangarin said the terminal would give Kazakhstan direct access to markets in India, East Africa, the Persian Gulf countries and Southeast Asia. -Iranian conflict. He also said Kazakhstan remains committed to building a trans-Afghan railway to reach Pakistan's deep-water ports.
Uzbekistan is accelerating its own trans-Afghan railway plans and has begun infrastructure work inside the country to support trade toward Pakistani ports. Logistic centers are under development in Tashkent, Navoi and Namangan, and the government seeks about $3 billion in investment for transit and warehousing upgrades that could raise revenue by as much as $600 million and create up to 50,000 jobs.
Work is also underway on a railway linking Kyrgyzstan and Uzbekistan to China.
Kyrgyzstan and Uzbekistan have completed a land exchange under their border delimitation and demarcation treaty.
