Kazakhstan Railways (KTZ) and Uzbekistan Railways (UTY) have signed a cooperative agreement to jointly purchase 5000 tonnes of rails by the end of this year from ARBZ, Kazakhstan, as well as a long-term contract with the supplier to procure 13,500 tonnes of high-quality rail annually for high-speed lines up to 2020.
The president of Kazakhstan, Mr Nursultan Nazarbayev, and the president of Uzbekistan, Mr Shavkat Mirziyoyev, signed the strategic cooperative agreement between the two railways during the Kazakh-Uzbek Business Forum held in Tashkent on September 16.
The document aims to achieve further long-term cooperation in order to increase the competitiveness of international transport routes passing through the two countries.
The total value of the contracts is estimated at more than $US 320m.