Kazakh President States Importance of Investments in Iranian, Turkmen Ports

Kazakh President States Importance of Investments in Iranian, Turkmen Ports

President Kazakhstan Kassym-Jomart Tokayev, during his speech at a meeting of the Supreme Eurasian Economic Council on Thursday, said Joint investments in the construction of infrastructure in seaports and dry ports of Iran and Turkmenistan will expand the geography of exports of the North-South international transport corridor, the Russian TASS news agency reports.

"This will significantly expand the geography of the member states' exports and strengthen our logistics capabilities," Tokayev stated.

President Tokayev added that the North-South ITC should be developed in conjunction with the Trans-Caspian International Transport Route.

On May 18-19, at the International Economic Forum Russia - Islamic World: KazanForum", Russia and the Eurasian countries discussed the large-scale development of the North-South ITC, the project of which includes an increase in container freight deliveries by 15-30 times.

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