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Sino-Kazakh Lianyungang distribution facility to cost US$112 million
KAZAKHSTAN Temir Zholy, the national railway operator of Kazakhstan, has revealed that after study, they estimate that the Sino-Kazakhstan jointly invested transshipment distribution facility at eastern China's port of Lianyungang will entail an investment of US$112 million, Xinhua reports.
Kazakhstan Temir Zholy disclosed that the fund for building the facility will come from bank loans, but they did not specify which bank. It also said that the land for the building facility is ready, and that construction will hopefully start in the second quarter this year.
Lianyungang Port Group and Kazakhstan Temir Zholy signed a cooperation agreement on building a facility for cross-boundary container transshipments at the port of Lianyungang. According to the agreement, the two will set up a joint venture company to build and operate the facility.
The two sides also agree on strengthening their cooperation in cross-border transportation by combining Kazakhstan's advantage in abundant export and Lianyungang's in its favourable location, which is the start of the Eurasian Land Bridge. The two will work together to attract as much transshipments to and from Kazakhstan as possible from Japan, Korea and South East Asian countries.
Kazakhstan Temir Zholy disclosed that the fund for building the facility will come from bank loans, but they did not specify which bank. It also said that the land for the building facility is ready, and that construction will hopefully start in the second quarter this year.
Lianyungang Port Group and Kazakhstan Temir Zholy signed a cooperation agreement on building a facility for cross-boundary container transshipments at the port of Lianyungang. According to the agreement, the two will set up a joint venture company to build and operate the facility.
The two sides also agree on strengthening their cooperation in cross-border transportation by combining Kazakhstan's advantage in abundant export and Lianyungang's in its favourable location, which is the start of the Eurasian Land Bridge. The two will work together to attract as much transshipments to and from Kazakhstan as possible from Japan, Korea and South East Asian countries.
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