China and Kazakhstan to invest in Aktau port container hub

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China and Kazakhstan agreed to invest US$3.7 billion in joint projects, including the construction of a new container hub at Aktau Port on the Caspian Sea coast.

The Port of Aktau is set to receive a new container hub following an agreement between China and Kazakhstan reached during an investment roundtable on July 2.

During the roundtable, the two nations agreed to invest US$3.7 billion in joint projects.

As part of this deal, Kazakh Railways (KTZ) and China’s Lianyungang Port Group plan to construct a container hub at the Aktau port. According to Kazakh Invest, the project aims to enhance logistics infrastructure and boost transit shipment capabilities through Kazakhstan.

Located on the Caspian Sea coast, the Port of Aktau is a key component of both the International North-South Transport Corridor and the Middle Corridor, making it a strategically vital asset for Kazakhstan as it strives to become a leading transit country for freight.

Additionally, as part of the investment, Chinese company CRRC will supply 200 new locomotives to KTZ.

Chinese President Xi Jinping had previously hinted at these investments during a Belt and Road Initiative cooperation forum in October 2023.

Source: RailFreight.com

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