Head of “Kazakhstan Temir Zholy” makes speech at 3d int’l transport business forum

ASTANA. KAZINFORM - According to data from UNCTAD the volume of trade between major markets of Eurasia will increase by 1.5 times - from 800 billion (in 2014) to 1.2 trillion USD by 2020, said CEO of Kazakhstan Temir Zholy Askar Mamin at a forum "New Silk Road" which was held as part of the 8th Astana Economic Forum.

The volume of trade between major markets of Eurasia includes the gross of turnover between China and the European Union from 615 to 800 billion USD, and between China and India - from 66 to 92 billion USD. 98% of trade turnover is delivering by maritime transport. That's creates huge opportunities to shift part of this trade flows to inland routes.

He noted that in 2014 freight transit through Kazakhstan amounted to about 18 million tons (including by railway transport - 16.1 million tons, by auto transport - 1.5 million tons, by sea transport - about 100 thousand tons through the Aktau port), and the income from the transit exceeded 1 billion USD.

Considering mentioned opportunities the company set a target to double increase the volume of transit in communication between East and West till 2020.