Foreign companies to increase direct investment in railway projects in Kazakhstan

ASTANA. KAZINFORM - In the framework of the ongoing global railway exhibition in Berlin "Inno Trans" executives leading engineering companies confirmed their intention to increase direct investment in joint engineering projects in our country, according to the press service of Kazakhstan Temir Zholy.

President of "Kazakhstan Temir Zholy National Company" JSC Askar Mamin and CEOs General Electric Transportstion - Russell Stokes; Alstom Transportation - Henri Poupart Lafarge; Patentes Talgo - Jose Maria Oriol have agreed action plans on increasing the shares of foreign companies in joint engineering projects before the yearend. The strategic decision of foreign companies underlines Kazakhstan's favorable investment climate and prospects for railway engineering development in Kazakhstan.