Splash 247

Cosco and Lianyungang Port jointly invest in Kazakhstani economic zone

Cosco and Lianyungang Port jointly invest in Kazakhstani economic zone

Array
(
    [0] => WP_Term Object
        (
            [term_id] => 77
            [name] => Greater China
            [slug] => greater-china
            [term_group] => 0
            [term_taxonomy_id] => 77
            [taxonomy] => category
            [description] => Stay updated on what's going on in the Greater China by browsing the Greater China region news archive. Find the latest maritime and shipping news on Splash 24/7.

Get the updated list of the latest news about the Greater China region. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 55
            [count] => 5208
            [filter] => raw
            [cat_ID] => 77
            [category_count] => 5208
            [category_description] => Stay updated on what's going on in the Greater China by browsing the Greater China region news archive. Find the latest maritime and shipping news on Splash 24/7.

Get the updated list of the latest news about the Greater China region. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Greater China
            [category_nicename] => greater-china
            [category_parent] => 55
        )

    [1] => WP_Term Object
        (
            [term_id] => 68
            [name] => Operations
            [slug] => operations
            [term_group] => 0
            [term_taxonomy_id] => 68
            [taxonomy] => category
            [description] => Stay updated on what's going on in the maritime and shipping operations areas by browsing the operations news archive. Find the latest news about all the things maritime on Splash 24/7.

Get the updated list of the latest news about operations. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 1670
            [filter] => raw
            [cat_ID] => 68
            [category_count] => 1670
            [category_description] => Stay updated on what's going on in the maritime and shipping operations areas by browsing the operations news archive. Find the latest news about all the things maritime on Splash 24/7.

Get the updated list of the latest news about operations. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Operations
            [category_nicename] => operations
            [category_parent] => 54
        )

    [2] => WP_Term Object
        (
            [term_id] => 64
            [name] => Ports and Logistics
            [slug] => ports-and-logistics
            [term_group] => 0
            [term_taxonomy_id] => 64
            [taxonomy] => category
            [description] => Stay updated on what's going on in the ports and logistics industry by browsing the ports and logistics news archive. Find the latest maritime and shipping news on Splash 24/7.

Find here the updated list of the latest news about ports and logistics. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 1157
            [filter] => raw
            [cat_ID] => 64
            [category_count] => 1157
            [category_description] => Stay updated on what's going on in the ports and logistics industry by browsing the ports and logistics news archive. Find the latest maritime and shipping news on Splash 24/7.

Find here the updated list of the latest news about ports and logistics. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Ports and Logistics
            [category_nicename] => ports-and-logistics
            [category_parent] => 54
        )

)

China Cosco Shipping Group and Lianyungang Port Group today have jointly signed an investment agreement with railway company Kazakhstan Temir Zholy for the Khorgos-Eastern Gate Free Economic Zone (FEZ) project in Kazakhstan.

Through the investment, China Cosco and Lianyungang Port will each hold 49% shares and 24.5% shares respectively in the project. The value of the investment was not disclosed.

The companies plan to further develop the railway network linking China and Europe at the FEZ.

Xu Lirong, chairman of China Cosco Group, said at the signing ceremony that the project will create synergy with the group’s shipping business and is an important step for China’s One Belt, One Road initiative, which was introduced by the central government in 2013 and focuses on connectivity and cooperation among countries primarily between China and the rest of Eurasia.

Khorgos-Eastern Gate FEZ was established by the Kazakhstan government in 2011 to boost the country’s exports and covers 600 ha of land including a dry port and logistics and production zones.

Share this article

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts