(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 2. Kazakhstan
Temir Zholy (KTZ) and Singapore's PSA International, one of the
world's largest operators of container port terminals, signed an
agreement on the creation of a joint venture, trend reports.
The agreement was signed during the
Kazakhstan-Singapore Business Forum in Astana.
The main focus of the joint venture's activity will be
to promote the development of the Trans-Caspian International
Transport Route and hence, to contribute to enhancing connectivity
and trade flows from Southeast Asia and China, through Kazakhstan,
and to Europe.
The collaborative effort with the transnational
holding focuses on addressing a crucial objective outlined by
President Kassym-Jomart Tokayev of Kazakhstan: the development of
the country's transport and transit capabilities.
PSA's expertise and advanced technologies will create
new avenues for expanding transportation networks and integrating
Kazakhstan's transport corridors with major global hubs, thereby
unlocking additional opportunities for growth and development.
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