Turkmen-Kazakh railway section to be opened May 11
Kazakh President Nursultan Nazarbayev and Turkmen President Gurbanguly Berdimuhamedov will open a railway section on the border with Turkmenistan on May 11, the Kazakh media quoted chairman of the Board of "Kazakhstan Temir Joly" company ("Kazakhstan Railways") Askar Mamin as saying.
This statement was made at a meeting on the investment activity of the Sovereign Wealth Fund Samruk-Kazyna.
Mamin said that after the opening ceremony of the railway section, the first carriages with Kazakh grain are planned to be sent.
An intergovernmental agreement on the North-South project was signed between Kazakhstan, Turkmenistan and Iran in 2007.
The project will give European and Asian countries access to Central Asia and the Persian Gulf. A similar opportunity will appear for the transit of goods from the countries of South and South-East Asia, the Indian Ocean to the Northern and Eastern Europe through Iran, Turkmenistan, Kazakhstan and Russia.
According to preliminary forecasts, three to five million tons of cargo a year will be initially transported. The volume will increase to 10-12 million tons in the future.
The project was implemented with the assistance of the Asian Development Bank and Islamic Development Bank.
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