Kazakhstan Railways keen to increase cargo turnover, profit
Baku, Azerbaijan, Jan. 10
By Nigar Guliyeva – Trend:
Head of Kazakhstan Railways JSC Kanat Alpysbayev expects cargo turnover to reach 214 billion ton kilometers (TKM) in 2018.
He also said at a press conference that this year passenger turnover in Kazakhstan will stand at 15 billion passenger kilometers (PKM), and the Kazakhstan Railways’ operating profit will amount to about 170 billion tenge.
Alpysbayev noted that in 2017, the cargo turnover was about 208.8 billion TKM, which is 10 percent higher than in 2016.
“Transit cargo transportation by rail amounted to 16 million tons, which is 23 percent more than in 2016. The transit traffic is planned to increase to 17.1 million tons in 2018,” Alpysbayev said.
He added that the launch of the Kuryk ferry complex and the Baku-Tbilisi-Kars railway gave an additional impetus to the container export transportation along the Trans Caspian International Transport Route.
Alpysbayev added that net income in 2017 was over 12 billion tenge.
“Development expenses during the period amounted to 255.9 billion tenge. The funds were directed to implementation of the Nurly Zhol projects, development of logistics competency, renewal of the railway infrastructure, modernization of the upper track structure, improvement of traffic safety, and renewal of rolling stock.”
“It is necessary in 2018 to continue work to improve traffic safety, and increase the cargo and passenger transportation,” Alpysbaev said.
(330.26 KZT = 1 USD on January 10)