ADVERTISEMENT

Kazakhstan plans to build highway connecting China and Europe

Interview

Kazakhstan, Central Asia's biggest energy producer, plans to build a highway to allow freight from Chinese manufacturers to be driven directly to European markets.

The 8,998-kilometer (5,591 mile) road from China would traverse 3,200 kilometers of Kazakh territory, cross Russia via its Tatarstan republic, and then run to Europe, the Kazakh prime minister's press service said in an e-mailed statement today. Europe is China's biggest export market, ahead of both the US and Japan, analysts said. The highway connecting China and Europe via Kazakhstan would be the shortest land route between the two, the statement said. Kazakhstan has widened 650 kilometers of existing road to handle heavy trucks. It will need to spend about 300 billion Kazakh tenge ($2.34 billion) to widen and strengthen the remaining 2,550 kilometers for the route, the statement said. The World Bank, European Bank for Reconstruction and Development and Islamic Development Bank may join the project, the prime minister's press service said, without giving details. (Bloomberg)

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.