Ports and supply chain solutions provider PSA International has partnered with Kazakhstan Railways (KTZ) to form a joint venture (JV) company KPMC.
KPMC will promote the development of Trans-Caspian International Transport Route (TITR), enhancing the connectivity and trade flows from Southeast Asia and China through Kazakhstan and beyond to Europe.
The TITR is a rail corridor route that connects China and Europe — offering cargo owners an additional intermodal transport option. The partnership between KTZ and PSA aims to develop the TITR through initiatives such as the organisation of block trains and provision of station-to-station products and services. This increases cargo flow, improves transit times and reduces the cost of transportation through the TITR.
PSA group CEO Tan Chong Meng says the JV is a milestone moment for PSA as it expands its global footprint into Central Asia.
“By partnering with KTZ to develop a holistic physical and digital ecosystem for the users and stakeholders of the TITR, we seek to create a seamless and efficient logistics network that offers cargo owners a vital and valuable option to improve the agility, resilience and sustainability of their businesses,” he adds.
