State railway operator “Kazakhstan temir zholy”, COSCO Shipping Corporation and Lianyungang Port signed an investment agreement on joint development of free economic zone (FEZ) “Khorgos – Eastern Gate”.
The project provides construction of a cross-border cooperation center, dry port, logistics and industrial park. Chinese investors will jointly purchase 49% of participation in dry port of Khorgos Gateway.
Besides, the agreement is aimed at further development of cooperation between Kazakhstan and China in transport and logistics sectors that provides the integration of Kazakhstan program “Nurly Zhol” with Chinese initiative of Silk Road Economic Belt.
COSCO Shipping is the fourth largest world container operator. Corporation operates more than 1.1 thousand vessels on 300 international and domestic sea routes, which connect 254 seaports in 79 countries of the world.