{"id":79593,"date":"2024-07-04T19:11:10","date_gmt":"2024-07-04T09:11:10","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=54097"},"modified":"2024-07-04T19:11:10","modified_gmt":"2024-07-04T09:11:10","slug":"china-and-kazakhstan-agree-to-invest-in-aktau-port-container-hub","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=79593","title":{"rendered":"China and Kazakhstan agree to invest in Aktau port container hub"},"content":{"rendered":"

The Port of Aktau will gain a new container hub. China and Kazakhstan agreed to build the port expansion at an investment roundtable on 2 July.<\/strong>
\n<\/span>At the roundtable, the two countries worked out a 3,7 billion dollar investment in joint projects. As part of the agreement, Kazakh Railways (KTZ) and Chinese Lianyungang Port Group intend to build a container hub in the Aktau port. According to investment agency Kazakh Invest, the project \u201caims to improve logistics infrastructure and expand opportunities for transit shipments through Kazakhstan.\u201d<\/p>\n

The Port of Aktau is located on the Caspian Sea coast. It is part of both the International North-South Transport Corridor and the Middle Corridor. For that reason, it is a strategically important asset for Kazakhstan, which seeks to become a leading freight transit country.<\/p>\n

Moreover, Chinese company CRRC will be supplying 200 new locomotives to KTZ as part of the investment.<\/p>\n

Chinese President Xi Jinping already hinted<\/a> at both investments at a BRI cooperation forum in October 2023.<\/p>\n

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The Aktau port. Image: Shutterstock. \u00a9 yevgeniy11<\/figcaption><\/figure>\n

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