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The world's largest marine and logistics operator COSCO Shipping invests in the development of the FEZ "Khorgos - Eastern Gateway"

On May 15, within the framework of the ongoing “One Belt, One Road” International Cooperation Forum in Beijing, Kazakhstan Temir Zholy signed an investment agreement with COSCO Shipping Corporation and Lianyungang Port on the joint development of the free economic zone Khorgos-Eastern Gateway.

Chinese investors will jointly make a purchase of a 49% stake in the dry port of Khorgos Gateway.

Attraction of strategic partners of international logistics will give an additional impetus to the development of the Khorgos - Eastern Gateway and the creation of a large regional hub for the consolidation and distribution of cargo flows between Asia and Europe.

FEZ Khorgos - Eastern Gateway will become part of the architecture of global logistics services provided by COSCO Shipping and will ensure the integration of Kazakhstan transit corridors into the international logistics network.

The signed agreement is aimed at further development of cooperation between the Republic of Kazakhstan and the People's Republic of China in the transport and logistics sphere that facilitates the interaction of the Kazakhstan program “Nurly zhol” and «The Economic belt of the Silk Road" with the Chinese initiative.

The signing ceremony was attended by First Deputy Prime Minister of the Republic of Kazakhstan Askar Mamin, Minister for Investment and Development of Kazakhstan Zhenis Kasymbek, Foreign Minister Kairat Abdrakhmanov, Mayor of Lianyungang Xiang Xiao Long.

 

For reference:

COSCO Shipping is the world's largest maritime operator and provider of logistics services. The corporation has more than 1100 ships with a total capacity of over 1.6 million containers, operates more than 300 international and domestic sea routes, connecting 254 seaports in 79 countries.

The port of Lianyungang is the largest sea harbor of China in the Yellow Sea, which is included in the 30 largest ports of the world with a handling capacity of more than 200 million tons and 5 million containers per year.

 

Press-office of JSC NC “Kazakhstan Temir Zholy”

 



 






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