The share of rail transit from China to EU via the Common Economic Space (CES) will experience a tenfold increase with the establishing of the integrated transport and logistic company of Belarus, Kazakhstan and Russia, stated Danial Akhmetov, Minister of Energy and Infrastructure of Eurasian Economic Commission, during the IX International Conference “TransEurasia 2014”, organized by the Ministry of Transport and Communications of the Republic of Kazakhstan.
According to Akhmetov, one of the result will be a more efficient supply chain. He also noted that revenues from the infrastructure accesses charges could reach over USD 1.5 billion. In addition, 43 thousand new jobs will be created.
The event undertakes a review and analysis of geopolitical trends of Eurasian region, in particular, the prospects for the development of national transport networks and their harmonious integration into the international transport system, developing effective transcontinental corridors and discuss other issues as well.
United Transport and Logistics Company (UTLC) is expected to be established this year and it represents the largest integration project in the Common Economic Space.