BAKU, Azerbaijan, June 24. Kazakhstan has
invested more than $35 billion in transport and logistics
infrastructure over the last 15 years to establish itself as a
primary regional hub, President Kassym-Jomart Tokayev said during
the "Kazakhstan – EU" roundtable in Brussels, the press service of
the Kazakh president says.
Reviewing the progressive development of the country's transit
capabilities, Tokayev emphasized the structural alignment between
Kazakhstan's infrastructure projects and European global
connectivity strategies.
He stated that these efforts organically fit into the European
Union's Global Gateway strategy, turning the Middle Corridor into a
key and sustainable highway for secure Euro-Asian connectivity. The
President noted that the modernization of transport infrastructure
has already yielded impressive results, pointing out that over the
past six years, cargo traffic volumes along this route have grown
fivefold from 0.8 million to 4.1 million tons per year.
"Our goal is to increase its throughput capacity to 10 million
tons. This milestone will strengthen our position as a crucial
transport artery in global logistics. To maintain this momentum,
Kazakhstan has invested more than $35 billion in transport and
logistics infrastructure over the past 15 years. Today, the ports
of Aktau and Kuryk on the shores of the Caspian Sea serve as
important gates for international transit," Tokayev said.
The President also welcomed the agreements signed during the
event worth nearly $1 billion, concluded by the Development Bank of
Kazakhstan with the European Investment Bank and a syndicate of
international financial institutions.
He specified that this financing package includes partnerships
with Commerzbank, JPMorgan Chase Bank, and Standard Chartered Bank,
operating under the guarantee of the Multilateral Investment
Guarantee Agency (MIGA) to further develop logistics
infrastructure.
