Kazakhstan's KTZ Express, South Ural Management Company join forces to support transit traffic
ASTANA. Feb 5 (Interfax) - KTZ Express and the South Ural Management Company have signed an agreement to develop transit and export traffic-flow and logistics solutions within the Eurasian Economic Union (EAEU), KTZ said.
"The agreement envisages cooperation in international container services from the South Ural railway station of Formachevo and back, using the infrastructure of KTZE - Khorgos Gateway and the FEZ Khorgos - East Gate [Altynkol] for consolidation and deconsolidation of cargo going from Russia to China and back," KTZ said.
The Khorgos International Center of Cross-Border Cooperation and the South Ural Management Company also signed an investment agreement on the construction of a shopping center in Khorgos to promote locally made goods from the Chelyabinsk region.
KTZ Express offers scheduled container services between China and Europe that take 12 to 15 days.
KTZ Express, a multimodal logistics provider, specializes in the import, export, and transit of Kazakh goods and in securing domestic products' access to foreign markets. In 2013, the company embarked on a large-scale project aimed at forming an internal and external network of terminals to cover freight-traffic consolidation and distribution points such as the port of Lianyungang on China's east coast, the Moscow region's Domodedovo district (jointly with the Russian property developer Coalco) and some other areas in Central Asia, Turkey, the Persian Gulf and Europe. KTZ Express is a subsidiary of Kazakhstan Temir Zholy.
Kazakhstan Temir Zholy (KTZ) is the operator of Kazakhstan's railway system and specializes in passenger transportation, cargo, logistics, infrastructure, and investment projects. The company is part of the Samruk-Kazyna National Welfare Fund.