Azerbaijan, Baku, Nov.11 / Trend E. Kosolapova/
The simplification of custom regime within the Customs Union will contribute to increase of the cargo transportation in Kazakhstan, a source at the Kazakh Transport and Communications Ministry told Trend over telephone on Friday.
Kazakhstan can increase its revenues from the cargo transit up to $1.5 billion by 2015, Transport and Communications Minister Berik Kamaliyev said at an international conference TransEurasia-2011 in Astana on Nov. 10, Novosti-Kazakhstan reported.
Kazakhstan's total revenues from transiting goods amounted to roughly $900 million in 2010.
Documents on the establishment of the Customs Union were signed in Minsk on Nov.27, 2009 and it operates since Jan.1, 2010. The Customs Union is the union of neighboring states, under which there was created a single economic space for the development of free trade, as well as set higher tariffs on the external borders of the association. It includes Russia, Belarus and Kazakhstan.
The source said a number of projects being realized to develop the Kazakh transport infrastructure will also contribute to increase the revenues from transiting goods.
Kazakhstan is constructing new railway branches in east and west regions, as well as plans to establish new international air routes.
Kazakhstan is implementing a project on extending the Kazakh international trade seaport of Aktau to the north with a view to increase freight flow through the international transport and transit corridors.
Moreover, new transcontinental motorway corridor Western Europe - Western China is under reconstruction. It will be major route allowing to transform Kazakhstan into a Transit Corridor from Europe to Asia.
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