BAKU, Azerbaijan, April 15. Kazakhstan Temir Zholy (KTZ), the national railway operator of Kazakhstan, signed a memorandum of understanding with Shandong Port Group (SPG), one of the largest port operators in China, Trend reports, citing KTZ.
The sides outline their intention to foster cooperation in the multimodal container, port, as well as digital transport and logistics services as a part of the MoU.
KTZ and SPG will also work on utilizing the potential offered by the Trans-Caspian International Transport Route to launch regular container transport services.
The sides also discussed the possible construction of a trade and logistics hub in the Almaty region, which would link up the trade logistics of China, Central Asia, and the South Caucasus.
Shandong Port Group was created in 2019 via the merger between a group of ports in the Shandong region, China. The throughput capacity of the group’s terminals reached 1.6 billion tons of cargo, and container transshipment capacity exceeded 37 million twenty-foot equivalent units in 2022.
