China’s Jiangsu Province plans to invest in the joint logistic projects with Kazakhstan Railways (KTZ). During the next five years USD 600 million will be allocated for the development of Khorgos-East Gate special economic zone (SEZ).
The Governer of Jiangsu Province, Li Syueyun and President of KTZ, Askar Mamain have signed an agreement for cooperating in the development of joint SEZ Khorgos – East Gate and Lianyungang SCO International Logistics Park and terminal.
SEZ Khorgos – East Gate is located near the Kazakh-Chinese border. The project includes the Khorgos international centre for cross-border cooperation, a dry port and logistics & industrial zones.
The Kazakh-Chinese terminal in the port of Lianyungang in 2015 is planned to process 250,000 TEUs. The ongoing work on the creation of a logistics center will enable the SCO in the overall process up to 2 million TEU.