Silk Road Tariffs Through Kazakhstan Rise After Relative Stability

Silk Road transit services through Kazakhstan will face significant price increases. KTZ-Freight Transportation, the national freight carrier of the country, will increase the cost of transporting goods and empty wagons in domestic, import, export and transit traffic by 14.67%. It is reported by Railway Supply magazine with reference to RailFreight.

Kaztemirtrans, the country largest freight car fleet operator carrying bulk cargo such as ore, coal, grain, flour, mineral fertilizers and cement, confirmed higher prices, saying it would also raise its operating costs due to higher freight rates.

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Silk Road tariffs did not concern the industry for some time, as they were relatively stable. KTZ-Freight Transportation did not explain why they decided to charge higher freight rates. However, this change could be driven by a wider price crisis in various sectors such as energy, construction and food.

In any case, the new pricing model has already been rolled out since mid-October. The impact on the Silk Road as a whole could be significant, as the bulk of Eurasian traffic passes through Kazakhstan. And as the country has raised its freight rates, the cost of the many Silk Road rail services will also rise.

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