Azerbaijan, Kazakhstan and China create JV to build cargo terminal at Baku seaport
BAKU. Nov 12 (Interfax) - Azerbaijan, Kazakhstan and China are creating a joint venture to build a new cargo terminal at the Baku seaport.
CJSC Baku International Sea Trade Port general director Taleh Ziyadov, JSC Kazakhstan Temir Zholy CEO Nurlan Sauranbayev and Free Trade Port Construction and Operation Co Ltd general director Yuan Xiaojun signed an agreement on the joint venture in Baku on Tuesday.
The project involves the construction and development of infrastructure for an intermodal cargo terminal covering 40 hectares at the Baku suburb of Alyat.
Construction will take a year. The terminal will handle containers and cargoes on the way from China to Europe and other countries. Initial capacity will be 300,000-350,000 containers a year.