Alexander Murychev, Chairman of the Board of the FBA EAC, Said That the Development of Transport Corridors is the Foundation of Economic Integration and Technological Sovereignty for the EAEU
Alexander Murychev, the Chairman of the Board of the FBA EAC attended the INTEGRATION Forum. His presentation was part of the Plenary Session titled "Mechanisms for Technological Partnership and Technological Independence" which was held at the President-Hotel.
In his report, Alexander Murychev provided a detailed analysis of the current state and potential development of the Eurasian transport corridors, highlighting them as a crucial aspect for the economic stability of the Eurasian Economic Union (EAEU).
According to Alexander Murychev, a large-scale transport system is currently being formed, which creates fundamentally new business opportunities. Infrastructure projects are already showing steady positive growth.
During his speech, Alexander Murychev presented data confirming the significant development of railway and port infrastructure by 2025.
An increase in traffic is planned on the "China-Europe Border" route. On the Dostyk-Iletsk-1 section, the number of train-pair will increase to 17 per day, and on the Altynkol-Iletsk-1 section it will be 26.
A significant increase in cargo traffic at key ports is predicted. Aktau port targets 4.7 million tons, while Kuryk port aims for 3.89 million tons. Russian ports such as Ust-Luga and Kaliningrad also demonstrate impressive growth, with Ust-Luga aiming for 142.12 million tons and Kaliningrad expecting an increase to 13.6 million tons.
The report focused on several modernization projects in the region, including the establishment of a "container hub" in Aktau, the construction of a grain terminal in Makhachkala, and improvements to the railway network in both Kazakhstan and Kyrgyzstan.
On behalf of the business community, Alexander Murychev expressed a number of proposals that are essential for the successful operation of transport corridors.
Among the key initiatives:
- Ensuring seamless processes between railway and port facilities.
- Introduction of modern technologies to increase containerization, increasing the speed of cargo delivery from 500 to 1,000 kilometers per day.
- Development of financing mechanisms and interest rate subsidies for cooperative projects within the EAEU.
- Creation of preferential tax and customs regimes for investors and operators.
"Thousands of kilometers of railway tracks connecting the EAEU countries represent not only a transportation artery, but also the foundation for deeper economic integration. Providing predictable working conditions, reducing logistics costs, and establishing a modern, high-tech infrastructure are of paramount importance for the business community. These are the only ways we can develop a logistics system capable of competing effectively in global markets," emphasized Alexander Murychev in his speech.
In conclusion, the Chairman of the Board of the FBA EAC emphasized that achieving the 2025 targets would greatly enhance the Union's position in the international transport network and strengthen the technological autonomy of the participating countries.
The INTEGRATION Forum is a leading platform for discussing issues related to industrial, scientific, technical, and economic cooperation within the Eurasian Economic Union (EAEU).