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 Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads.
more »
“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts.
more »
The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”.
more »
On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon.
more »
During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million.
more »
The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius.
more »
“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE).
more »
The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year.
more »
The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November).
more »
Europeans can now use direct debit from their home account to pay bills anywhere in the EU.
more »