Kazakhs investing in Iran's Rajaee Port
Kazakhstan is interested in investment in Iran’s Shahid Rajaee Port in order to facilitate transit of its goods to world markets via the Persian Gulf.
Head of the country’s national railway company, Kazakhstan Temir Zholy, was visiting the port and the nearby Bandar Abbas on Wednesday for discussions with local officials.
“The Kazakh side is interested in investing in Bandar Shahid Rajaee for construction of silos in order to store its wheat crop in the port and facilitate shipments,” head of the Islamic Republic of Iran Railways (IRIR) Abbas Nazari said.
Kazakhstan currently uses Iran’s transit railway linking the Caspian Sea to the Persian Gulf to ferry about 11 million metric tons of wheat per year.
As Central Asia's largest grain producer, Kazakhstan is looking for shipment routes by sea which is very cheaper for its growing flow of goods.
Nazari said Iran, Kazakhstan and Turkmenistan, which are linked by sea in the Caspian Sea, were working on a unified transit tariff.
Iran is uniquely positioned to connect the Central Asia and Eastern Europe to the Persian Gulf.
Kazakhstan is currently linked to China by rail and the country is expanding its transit network to ramp up freight to Europe.
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