BAKU, Azerbaijan, July 15. Kazakhstan Railways
(KTZ) has signed a robust package of cooperation agreements worth
approximately $400 million with Chinese partners in Shanghai.
This was announced in a report published by the press service of
the Kazakhstan Railways.
According to the report, the agreements were finalized during
the international business forum ''Kazakhstan – China:
Transport-Logistics Cooperation and E-Commerce – New Technologies,
New Opportunities.'' The documents, some of which are denominated
in Chinese yuan and Kazakh tenge, establish a strategic framework
for joint initiatives in IT infrastructure, port and terminal
logistics, shipbuilding, and the digitalization of transport
management processes.
''The total value of the signed documents is estimated at
approximately 400 million US dollars, with some contracts
denominated in yuan and tenge,'' the report says.
The bilateral partnership begins with extensive infrastructure
and maritime development projects. KTZ forged key agreements with
China Harbour Engineering Company Ltd, Sichuan Port, and Shipping
Investment Group Co., Ltd., and Lianyungang Port Group Co., Ltd. to
optimize regional logistics networks, while also signing a contract
with Jiangsu Haizhongzhou Shipping Industry Co., Ltd. to foster
shipbuilding initiatives.
The cooperation then transitions to logistical integration and
freight management. To scale up international cargo transit, KTZ
signed targeted agreements with COSCO Shipping Container Lines Co.,
Ltd. and China Railway Container Transport Co., Ltd.
These logistics and transport efforts are supported by a strong
push toward digitalization. KTZ secured strategic IT partnerships
with Global DTC Kazakhstan Ltd., NIZE Intelligent Technology Co.,
Ltd., and Huawei Technologies Kazakhstan to accelerate the digital
transformation of international transport corridors.
According to KTZ, the implementation of these milestone
agreements is poised to expand bilateral logistics networks,
streamline border trade operations, and fast-track ongoing
transport projects between Kazakhstan and China.
