Kazakhstan, Turkmenistan, Iran to Establish Competitive Railway Tariffs

ASTANA – Kazakhstan, Turkmenistan and Iran recently agreed to establish competitive tariff conditions on the new Uzen – Bolashak – Serhetyaka – Akyayla – Incheburun international railway line, according to information from the press service of Kazakhstan Temir Zholy (KTZ), Kazakhstan’s national railroad company.

KTZ, Iran and the Turkmenistan Ministry of Railway Transport agreed to establish unified rates beginning Oct. 15 for container trains travelling from China to Iran through their territories.

“The implementation of this measure will attract cargo flows from maritime transport and improve the attractiveness of land transcontinental corridors,” a representative at KTZ explained.

The sides also agreed to preferential tariffs on the transportation of grain, ferrous metals, aluminium and ferroalloys on their territories traveling from Kazakhstan to Iran towards the port of Bandar Abbas.

Preferential tariffs for Kazakh exports are expected to help develop new markets in India and Persian Gulf countries.

The parties also said that they would try to agree in 2016 on unified rates on their territories on the growth volume of cargo traffic in wagons and containers. The heads of the three states’ railroads are expected to meet again in December in Ashgabat.

Get The Astana Times stories sent directly to you! Sign up via the website or subscribe to our Twitter and Telegram!