Since its independence, Kazakhstan has made great efforts to develop its transport and transit potential and modernise transport corridors, having allocated over the past 15 years over $35 billion for these purposes.
Today, our transport industry is an area of profitable investments. The shortest routes from Europe to Central Asia, China and South-East Asia pass through our country. We have formed a network of efficient transit transcontinental corridors and routes.
TITR, or the Middle Corridor, is a single logistical solution linking transit flows between Europe, Central Asia and China. The route can become a continental bridge between the largest markets, halving the time of freight traffic and significantly reducing transport costs.
In 2022 and nine months of 2023, its cargo volumes have doubled.
We are working with our neighbours and partners in the region to regulate tariffs on the corridor. Today, we have already fixed the tariffs for container transportation on the route. We plan to stabilise and set them for at least five years.
In Tbilisi in October, Kazakh, Georgian, and Azerbaijani railways signed an agreement on establishing a joint venture on a parity basis to improve the quality of service on the Middle Corridor.
The expansion of the TITR Association will make it possible to promote the corridor approach along the route more effectively.
By the end of the year, the procedures for joining the Austrian Rail Cargo and other cargo operators from Germany should be finalised.
Lithuania, Latvia, Estonia and Hungary also expressed interest in joining the Association. My meetings with European Commissioners Adina Valean and Maros Ševčovič and EBRD President Odina Renaud-Basso in Brussels helped outline new horizons of practical partnership.
Today, we are also working with large European companies like Maersk, Alstom, DB Engineering, HHLA, Stadler, Jan De Nul and MSC.
Following President Tokayev’s visit to the US in September 2023, we signed a $1-billion agreement with the American WABTEC, a global provider of technology and digital solutions for railway transport.