BAKU, Azerbaijan, September 11. Around 55
transport infrastructure projects worth a total of $32.6 billion
are currently underway or at the planning stage in Kazakhstan,
Aidos Omarov, Senior Analyst at the Eurasian Development Bank’s
(EDB) Center for Integration Studies, said, Trend's correspondent
reports.
He made the remarks during an online presentation of the
analytical report “Transport Corridor Infrastructure in Eurasia:
Development Results and Key Investment Trends.”
“Kazakhstan is the largest transport hub in Central Asia, not
only in Central Asia but also in the broader Eurasian region. We
have identified around 55 projects with a total value of $32.6
billion. This accounts for almost half of the entire investment
portfolio in Central Asia. Kazakhstan’s geographical location
allows it to connect China, Central Asia, Russia and European
markets simultaneously. Therefore, the development of transport
infrastructure is important not only nationally but also for the
wider Eurasian region,” he said.
Omarov noted that most investment is directed toward land
transport infrastructure, with about $22.7 billion allocated to
road projects. Railway projects account for slightly more than $6
billion.
“Airports, seaports, logistics centers and border infrastructure
are also being developed. This structure is largely determined by
the nature of Kazakhstan’s transport system. For example, around
85% of overland transit between China and Europe passes through
Kazakhstan, highlighting the importance of the country’s transport
infrastructure,” he said.
Omarov stressed that most projects are already at the
implementation or project documentation preparation stage,
indicating that the portfolio is actively being developed and is
contributing to the creation of new transport infrastructure in the
country.
“Financing comes from various sources: 21 projects are financed
from the national budget, 34 through borrowing, and 14 with the
participation of international banks. Kazakhstan has diversified
and extensive infrastructure with several strategic transport
directions,” he said.
During the presentation, it was noted that 402 projects for the
development of the Eurasian transport framework are currently
underway or being planned across the Eurasian region, with a total
value of $345 billion. Of this amount, $72 billion is allocated to
the development of transport corridor infrastructure in Central
Asia.