Kazakhstan Chamber of Commerce in the USA


China & Kazakhstan to advance new Silk Road economic belt 0

Posted on July 14, 2014 by KazCham

Colibri Law Firm · Business Intelligence

On 26 June, the President of Kazakhstan Temir Zholy, Kazakhstan’s national railway company, Askar Mamin and the general manager of China Railway Corporation Sheng Guangzu agreed to sign an agreement on cooperation between Kazakhstan Temir Joly and Chinese Railways Corp, considering the ongoing structural reform in China’s railways.

The parties expressed their intention to further increase the competitiveness of Eurasian rail transportation corridors and attract freights. They decided to establish competitive tariffs, increase the speed of delivery of goods through the territories of their countries and organize container trains on solid schedule lines.

In order to achieve the set objectives, the parties agreed to create a joint work group of competent professionals at the level of deputy heads of the country’s railways. Among other objectives, the group is going to work towards loading the railways to fully use the transit capacity, improving the efficiency of Dostyk – Alashankou and Altynkol – Khorgos border crossings, introducing new technologies to streamline cargo transportation, and accelerating the implementation of electronic data interchange.

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