Kazakhstan to start building rail link between Southeast Asia and Europe
Published:
30 December 2004 y., Thursday
Kazakhstan will start building a railway link next year connecting Southeast Asia with the European Union, Transport Minister Kazhymurat Nagmanov said Wednesday.
The 3,000-kilometre link is estimated to cost $3.5 billion to $4 billion US and is to be completed within 15 years. It will connect China via Kazakhstan with Turkmenistan and Turkey.
The link is designed to be an alternative to the Trans-Siberia railway in Russia's Far East, which also connects Asia with Europe, as well as to ocean shipments. Kazakhstan and Russia foresee that freight transit between Europe and Asia will be very lucrative.
Once built, the Kazakh link will have an advantage over the Russian alternative: the Kazakh railroad will be of international standard, while the Russian railway is 12.7 centimetres wider, designed to slow an enemy during the world wars of the 20th century. This results in delays at borders since trains need to have their wheels changed.
Nagmanov said transit from Southeast Asia to Europe via Kazakhstan will take 10 days. The flow of cargo is planned to reach 35 million to 40 million tons a year by 2010, and ultimately 100 million tons.
Šaltinis:
story.news.yahoo.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint.
more »
At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits.
more »
In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD).
more »
The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession.
more »
The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers.
more »
As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities.
more »
During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved.
more »
The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis.
more »
Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years.
more »
The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia.
more »