Kazakhstan-China border to get new logistics zone

9/22/2008 10:13:45 AM

A logistic zone is planned for the border of Kazakhstan and China. There will be transportation-reloading terminals, which accounts for US$100 million investment, commerce exhibition areas, hotels infrastructure and a centre for business cooperation, according to China Economic Review   The second stage will be the creation of a special economic zone.   Preliminary expenses for the construction of the zone is about US$235 million. Part of the zone will geographically be in China, which will have a major financial participation in the project.   STL plans to build bonded warehouses and an intermodal container terminal at the Kazakhstan town of Khorgos on the China border.   STL’s intermodal hub is due for completion by 2010 and complements the Kazakhstan government’s $500 million investment to upgrade rail and road infrastructure to meet demand for booming cargo volumes from China to Central Asia, CIS and Russia.   CargonewsAsia

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