Kazakhstan will expand Aktau Port by building a new $28.9 million container hub by 2025.
Deputy Head of the Transport Committee of the Kazakh Industry and Infrastructure Development Ministry Kasym Tlepov told the Kazakhstan Global Investment Roundtable that the hub will increase cargo traffic and container shipping.
The project, under the name Sarzha, will improve capacity by more than 500 per cent, increasing capacity from 40,000 TEU to 215,000 TEU per year.
The government will also outline plans to develop a marine terminal at the Caspian port of Kuryk, which will host multipurpose terminals and a logistics centre.
Kairbek Uskenbaev, Minister of Industry and Infrastructure Development said the project is to be invested in privately.