Kazakhstan’s Rail Fleet Remains Heavily Worn Despite Modernization
AI-generated illustration
Kazakhstan’s rail fleet remains heavily worn despite modernization efforts, Orda.kz reports.
Industry and Construction Minister Yersain Nagaspayev said this at a government meeting.
Despite the measures taken, the level of wear in the rail fleet remains significant. Freight cars are 54% worn, locomotives 52%, and passenger cars 42%,he said.
According to the minister, the ministry will work on mechanisms to prioritize the purchase of rolling stock from domestic producers.
To date, the funds allocated to subsidize interest rates for the purchase of KTZ wagons and gondola cars from domestic manufacturers are significantly lower than existing demand. Therefore, we need to consider ensuring sufficient funding for these purposes,Nagaspayev said.
The ministry also plans to conclude long-term offtake contracts to ensure stable workloads for existing production facilities and meet projected demand for products from domestic enterprises.
Original author: Ilya Astakhov
Read also:
Latest news
- Mangystau’s Rock Mosques Added to UNESCO World Heritage List
- Lightning Causes Two Fires in Burabay
- Tokayev and Putin Discuss Ukraine, Nuclear Power Plant and Trade: Key Takeaways
- Kanye West Gets Almaty Stadium as FC Kairat Heads to Turkestan
- Shymbulak Cable Car Extends Summer Schedule
- National Bank Explains Why Kazakhstanis Are Bracing for Higher Prices
- Could EU Sanctions Disrupt Kazakhstan’s Electricity Supply from Russia?
- Kazakhstan Freezes NCOC Assets Over Kashagan Environmental Fine
- Colleges in Kazakhstan Allowed to Rent Out Sports Facilities
- Oil Production Limits May Be Reduced for 7 OPEC+ Countries
- China Restricts Exports to 14 EU Entities After New Sanctions
- Police Raid on Steel Plant Raises Concerns Among Chinese Investors in Kazakhstan
- Companies in Kazakhstan and Kyrgyzstan Included in New EU Sanctions Package
- U.S. Imposes Tariffs on Kazakhstan Over Its Forced Labor Import Rules
- Kazakhstan’s Oldest Botanical Garden Receives Long-Awaited Protected Status
- Astana Gets a Third of Its Monthly Rainfall in One Day
- CPC Terminal Suspends Loading Over Tanker Safety Risks
- How Much Do Kazakhstan’s Banks Charge Businesses for QR Payments?
- Company Linked to Aliya Nazarbayeva and Failed Luxury Clinic Project Liquidated in Switzerland
- Coal, Servers and Billions: How Kazakhstan Plans to Join the Global AI Race
