National Company Kazakhstan Temir Zholy To Be Reorganized
KazWorld.info – National Company Kazakhstan Temir Zholy JSC will be reorganized by separating infrastructure and shipment activities.
Under the 2020 Governmental Program of Development and Integration of Kazakhstan’s Transport System’s Infrastructure and Kazakhstan’s 2020 Strategic Development Plan, JSC NC Kazakhstan Temir Zholy will be reorganized by separating its infrastructure and transportation activities.
As the press service of the Investments and Development Ministry informed, the Government is now drafting a resolution on reorganization of KTZ as a result of which JSC KTZ-Infrastructure will be established.
JSC KTZ-Infrastructure will serve as a national infrastructure operator which will provide national and private carriers with access to the national railroad network.
The establishment of JSC KTZ-Infrastructure will let create more flexible railroad infrastructure capable to promptly respond and adapt to rapidly changing pricing conjuncture and meet the demand and need of consumers in railroad transport services.
The aim of such modernization is to bring the pricing policy, services parameters and terms of cargo transportation into compliance with modern requirements of the diversified market of transport-logistics service. The modernization is carried out as part of implementation of the state policy of transit transportations development.
The separation of infrastructure and transportation activities is a worldwide tendency of reforming the railways companies which was successfully implemented in EU countries, Australia and Latin America and aimed at increasing efficiency and improving the quality of services by means of liberalization and attraction of private initiatives and investments.
Kazakhstan Temir Zholy Appointed New President in September 2016.
Company Overview of Joint Stock Company National Company Kazakhstan Temir Zholy
Joint Stock Company National Company Kazakhstan Temir Zholy engages in the operation of railway industry assets in the Republic of Kazakhstan, the Russian Federation, and internationally. It operates through two segments, Cargo Transportation and Passenger Transportation. The company offers freight and passenger transportation services; and maintains railway infrastructure. It also provides communication, utilities, and loading and unloading services, as well as vessels services; and locomotive haul, transit cargo transportation, security, and seaport services. In addition, the company engages in the operation of cargo wagons; formation of transportation and logistics; utilities operations; repair of locomotives, railway rolling stock, and mainline railway tracks; protection of railway transportation property from unfavorable weather conditions; education, training, and retraining activities; and research and development operations. Joint Stock Company National Company Kazakhstan Temir Zholy is based in Astana, the Republic of Kazakhstan.