Expansion of transit capacities will need some 40 billion US dollars next few years, Kazakh Vice Minister
The Astana International Financial Centre served as a platform for discussing investment climate improvements and barriers to the realization of investment projects in transport and logistics sector, Kazinform News Agency reports.
Representatives of the Transport, Foreign, and Finance Ministers, Kazakh Invest National Company JSC attended the event.
Kazakh Vice Minister Talgat Lastayev said the development of all the tasks set, as well as the expansion of transit capacities, will need some 40 billion US dollars in the next few years.
He said the Ministry drafted the pool of investment projects worth over 31 billion US dollars in railway, sea transport, aviation and roads sectors.
According to the National Statistics Bureau, the Ministry’s capital investments plan was fulfilled by 107.7% to reach 2,33,6 billion tenge. The Kazakh delegation visited Belgium, the Netherlands, and Romania, met with representatives of ministries, international financial organizations and key European investors, and signed transport cooperation agreements to attract European investors.