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The Strategic Memorandum of understanding signed between JSC "NC "KTZ" and COSCO Shipping

«ҚТЖ» ҰК» АҚ мен COSCO Shipping арасында өзаратүсінік туралы стратегиялық меморандумға қол қойылды

On May 15 of the current year in the framework of the XII Astana economic forum in Almaty, Kazakhstan, Nur-Sultan, a meeting of the Chairman of the Board of JSC "NC "Kazakhstan Temir Zholy" JSC Sauat Mynbayev and President of the Board of China Cosco Shipping Corporation Limited Xu Lirong.

During the talks, the sides discussed issues of expanding cooperation in the field of transport and logistics.

"All the necessary conditions are created for successful cooperation in the future. You are very important partners for us. Now we would like to work more actively together to simplify, improve the delivery of goods to destinations", - said Sauat Mynbayev.

Xiu Lirong also noted the high potential of cooperation and the effectiveness of joint work aimed at the development of transport and logistics infrastructure, cargo transportation on transcontinental routes.

The parties agreed to continue joint active work to create favorable conditions for increasing the volume of cargo transportation, the development of container service on the route China – Europe – China, passing through the territory of Kazakhstan. For the four months of 2019, the volume of container traffic between China and Europe through Kazakhstan amounted to 93, 2 thousand TEU, which is 40% higher than in 2018.

The success of cooperation in the development of a joint venture with COSCO Shipping and the port of Lianyungang at the Dry port of Khorgos Gateway, as a strategic partnership that allows to integrate into global logistics chains, to attract additional container flows, development of transcontinental transportation using Kazakhstan's transport and logistics infrastructure.

At the meeting, the Kazakh side informed the Chinese delegation about the organization of container transportation by feeder vessels across the Caspian sea.    

Following the meeting, a Strategic Memorandum of understanding was signed between JSC "NC" Kazakhstan Temir Zholy " and China Cosco Shipping Corporation Limited.

The press-service of  Kazakhstan Temir Zholy NC JSC

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