A logistic zone is planned for the border of Kazakhstan and China. There will be transportation-reloading terminals (which accounts for $100 million investment), commerce exhibition areas, hotels infrastructure and a center for business cooperation.
The second stage will be the creation of a special economic zone Khorgos — Eastern gates.
At Kazakhstani-Chinese border there should appear a port of international importance, an industrial-production zone as well as a city center housing businesses.
Preliminary expenses for the construction of the zone is about $235 million.
Part of the zone will geographically be in China and an agreement has already been signed.
China will have a major financial participation of China in the zone.
As already reported fast growing freight forwarding and logistics service company, STL, plans to build bonded warehouses and an intermodal container terminal at the Kazakhstan town of Khorgos, on the China border which is already a busy border crossing.
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.
Source: Arabian Business News