USA provides grant to promote development of maritime trade in Kazakhstan
Astana, Kazakhstan, September 21 / Trend , K.Konirova /
On September 23, U.S. Ambassador to Kazakhstan Richard Hoagland will sign two grant agreements on behalf of the U.S. Trade and Development Agency (USTDA) to promote the development of maritime trade in Kazakhstan, Embassy's office for public relations reported.
Mukhit Mazhenov, general director of KazMunaiGas-TransCaspian, and Marat Ormanov, general director of KazMorTransFlot, will participate in the signing ceremony, which will take place at the U.S. Embassy in Astana.
The first grant agreement, in the amount of $327,844, will be signed with KazMunaiGas-TransCaspian to help ensure that Kazakhstan's maritime legislation corresponds to international standards. The project will define the international treaties, maritime laws, and regulations that Kazakhstan should adopt, and it will recommend how these requirements should be implemented.
The second grant agreement, in the amount of $374,268, will be signed with the national maritime shipping company KazMorTransFlot. The purpose of the grant is to expedite the clearance of vessels at Caspian ports by evaluating the technical, economic, and financial feasibility of implementing the Electronic Documentation Procedure or Early Departure Procedure (EDP). Implementation of this procedure will reduce time spent reviewing and processing documentation, thereby increasing the efficiency at existing Caspian ports and consequently reducing the cost of maritime transportation.