Kazakhstan plans to invest $20bn in infrastructure development

By bne IntelliNews March 31, 2015

Kazakhstan plans to invest $20bn in infrastructure development until 2020, First Deputy Minister of Investment and Development Zhenis Kasymbekov said at a Kazakhstan-Batumi business forum on March 30.

The investment will mainly go into infrastructure projects the East-West corridor, towards the Caspian Sea and further to Azerbaijan, Georgia and Turkey. He noted that most of the funds would be channelled into the development of the new railway line Beynau-Zhezkazgan and into the Altynkol-Khorgos railway passage. This would help attract Chinese transit towards the Persian Gulf and the Caucasus.

Kazakhstan is interested in using the Baku-Tbilisi-Kars railway line, which is due to start operations this year. Astana is busy with efforts enabling to benefit from Kazakhstan's favourable location between Europe and Asia by developing relevant transport infrastructure. Investment in transport is among priorities of the Nurly Zhol development plan announced by the Kazakh leader, Nursultan Nazarbayev, on November 11, 2014.

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Kazakhstan begins new trial of businessman charged with attempted coup d’etat

A new trial of Kazakh businessman Tokhtar Tuleshov began on July 13, in which he ... more

Kazakhstan signs law preventing “ordinary” Kazakhs from running for office

Kazakh President Nursultan Nazarbayev signed into law on July 11 a measure allowing only Kazakh citizens with at least five years of experience at government posts to register ... more