Subsidiary Bank Sberbank of Russia (Kazakhstan) and Kazakhstan Railways (KTZ) signed a financial agreement for the implementation the project “Expansion of Aktau International Trading Port”. The total project cost is USD 208 million.
The investment loan will be used in the construction of three dry cargo berths, grain handling terminal and related infrastructure, increasing capacity from 16.5 to 19.5 million tons and expanding Aktau international sea trading port in northern direction.
Aktau port is part of international TRACECA and North-South transport corridors.
“The expansion project Aktau port in the northern direction was designated by the President of the Republic of Kazakhstan as being strategically important, and its early implementation is a priority for us. The funding provided by Sberbank will enable us to carry out the necessary work for the successful completion of construction. The commissioning of the infrastructure project will positively impacy the economy of the region. Also, the project contributes to the diversification of the transport and logistics infrastructure, providing import, export and transit of dry cargo, grain and container cargo in Iran, Azerbaijan, Turkey, Russia, European countries, “- said Vice KTZ President of Logistics Kanat Alpysbayev.