Baku, Azerbaijan, Jan. 31
By Ali Mustafayev – Trend:
Kazakhstan's transport and logistics sector attracted investments worth 1.2 trillion tenge in 2017, which is 6.3 percent more than in 2016, in value terms, and 0.2 percent more in volume terms (inflation-adjusted).
The 1.2 trillion tenge is 14.1 percent of Kazakhstan’s total investment portfolio.
At the same time, the contribution of the transport and logistics sector to the country's GDP remains at 8 percent level, Energy Prom reports.
The largest volume of investments in infrastructure was noted in the Atyrau region (274.8 billion tenge, 51.7 percent more than in 2016, 22.3 percent of investments in the sector throughout the country).
Investments wise, the most attractive areas were Astana city (209.6 billion tenge, 21.1 percent more than in 2016), and Almaty region (112.5 billion tenge, 32.4 percent less than in 2016).
During the meeting, the Minister for Investment and Development of Kazakhstan Zhenis Kasymbek, said that in 10 years the total amount of investments in the development of infrastructure and transport and logistics assets of Kazakhstan amounted to about $30 billion.
More than 2,000 km of railways were built, 6,300 km of roads were reconstructed, the country’s port capacities in the Caspian Sea were increased up to 26 million tons during this period.
(Exchange rate for Jan. 31: $1 - 332 tenge)