Kazakhstan plans to invest $20bn in infrastructure development
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
Kazakh court sentences labour union leader to two years in prison
A court in Kazakhstan on May 16 sentenced a labour union leader at the Oil Construction Company (OCC), Amin Eleusinov, to two years in prison after convicting him of ... more
EBRD lends Kazakhstan $180mn for irrigation systems upgrade
The European Bank of Reconstruction and Development (EBRD) has signed loan agreements worth $180mn at the bank’s annual meeting in Cyprus to support a strategic programme to ... more
Kazakh president mulls ban on beards, cropped trousers in move against religious extremism
Kazakh President Nursultan Nazarbayev raised the issue of banning Islamic attire and beards associated with extremism at a meeting with Kazakhstan’s Spiritual Board of Muslims on April 19, the ... more
Selected articles from our premium news/views wire 
IntelliNews Pro
IntelliNews- Ankara bans all "protests" after dark, includes press events and group singing
- Croatia’s struggling Agrokor puts founder's yacht and helicopter up for sale
- IMF recommends fiscal consolidation for Romania
- Montenegro’s PM confirms readiness to join Nato - despite shove from Trump at alliance summit
- Ukraine's central bank cuts key policy rate to 12.5%
- More from IntelliNews Pro >>
Most Read This Week
Follow Us On
Tweets by @bizneweuropeRegister here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
If you have any questions please contact us at sales@intellinews.com
Subscribe to bne IntelliNews website and magazine
Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.Your subscription includes:
- Full access to the bne content daily news and features on the website
- Newsletters direct to your mailbox
- Print and digital subscription to the monthly bne magazine
- Digital subscription to the weekly bne newspaper
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
bne IntelliNews
$119 per year
All prices are in US dollars net of applicable taxes.
If you have any questions please contact us at sales@intellinews.com
Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.
"No day starts for my team without IntelliNews Pro" — UBS
Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.