International port operator and cargo terminal operator PSA International and Kazakhstan’s national railway, KTZ, have agreed to establish a joint venture to develop services along the Trans-Caspian International Transport Route from China and Southeast Asia to Europe, according to the railway portal Railway Supply citing Railway Gazette.

Trans-Caspian International Transport Route

The plans for the joint venture, called KPMC, include organizing train routes and connections from station to station to reduce costs and transit time.

Game changing technology

“This joint venture is a significant milestone for PSA as it expands our global footprint into Central Asia,” said Tan Chong Meng, Group CEO of PSA International, during the agreement signing at the Kazakhstan-Singapore Business Forum in Astana on May 22.

“In partnership with KTZ to develop an integrated physical and digital system for users and stakeholders of the TITR, we aim to create a seamless and efficient logistics network that offers cargo owners a vital and valuable option to enhance the flexibility and resilience of their businesses.”

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