Kazakhstan Temir Zholy plans to realize investment program totaling KZT 317.8 mln
ASTANA. January 12. KAZINFORM. /Serik Sabekov/ Raising of tariff rates for cargo transportation by rail since January 1, 2011 will allow 'Kazakhstan Temir Zholy' National Company' JSC to realize an investment program amounting to KZT 317.8 bln which is KZT 113 bln more than 2010 figures.
Vice Minister of Transport and Communications of Kazakhstan Azat Bekturov said it at the session of the the Agency for Natural Monopolies Regulation.
'It is planned to modernize 623 kilometers of rail roads, complete construction of new rail roads 'Khorgos - Zhetygen' and 'Uzen - state border with Turkmenistan' within the program. The cost of these projects is KZT 71 million', A. Bekturov noted.
The Vice Minister noted that realization of these projects will make the transportation service better, increase transit potential and also help in resolving social problems creating job positions for the locals.