OECD Sees New Opportunities For Kazakhstan In Expanding Middle Corridor
This is stated in a report by the Organization for Economic Cooperation and Development (OECD) titled“Kazakhstan: Accelerating Sustainable Infrastructure Investments.”
The document notes, nevertheless, that Kazakhstan's plans to become one of the main transit hubs in the Middle Corridor are hampered by existing challenges in logistics and infrastructure.
"Despite investments in transport infrastructure totaling approximately $35 billion over the past 15 years, Kazakhstan ranks only 79th out of 139 countries in the 2023 Logistics Performance Index. This indicates that the country continues to face challenges in the areas of logistics capacity, intermodal integration, and the efficiency of transport corridors," the report states.
The OECD notes that Kazakhstan aims to become a key transit hub on the Trans-Caspian International Transport Route (Middle Corridor), where freight volumes are growing, particularly following disruptions on northern routes. However, delays, limited infrastructure capacity, and underdeveloped intermodal connections complicate trade processes, increase costs, and negatively impact the country's role in the Middle Corridor.
The report emphasizes that the Kazakh government's strategies through 2030 call for multifaceted investments aimed at developing road, rail, air, and maritime transport infrastructure, border crossings, and the modernization of the transport fleet.
--
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment