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Hungary joins Trans-Caspian transport route

Business Materials 18 October 2016 16:54 (UTC +04:00)
Hungary and Kazakhstan will jointly develop multi-modal services for cargo transportation from China to Europe and from Europe to China by Trans-Caspian international transport route
Hungary joins Trans-Caspian transport route

Baku, Azerbaijan, Oct. 18
By Elena Kosolapova – Trend:
Hungary and Kazakhstan will jointly develop multi-modal services for cargo transportation from China to Europe and from Europe to China by Trans-Caspian international transport route, Kazakh railway company Kazakhstan Temir Zholy reported on Oct 18.

A corresponding agreement was signed between Kazakhs KTZ Express company and Hungarian Rail Cargo Hungaria Zrt company, within the framework of the Kazakh-Hungarian business forum in Astana.
The parties also agreed to create favorable conditions for freight traffic by this route.

For cargo transportation by Trans-Caspian international transport route it is planned to use technical potential of Kazakhstan’s border stations in Dostyk and Altynkol, infrastructure of transport and logistics centers in Astana and Shymkent, and multimodal complexes of Aktau and Kuryk ports.
In Hungary for cargo transportation by this route will be used border stations Záhony, Epereshke and Rail Cargo Terminal’s intermodal terminal BILK.

The Trans-Caspian International Transport Route runs through China, Kazakhstan, Azerbaijan, Georgia and then through Turkey and Ukraine to Europe.
The first test container train from China arrived at the Baku International Sea Trade Port on Aug. 3, 2015.

The agreement to create the Trans-Caspian International Transportation Consortium was signed in April in Baku by the railway authorities of Azerbaijan, Georgia and Kazakhstan. New competitive tariffs were introduced for the Trans-Caspian International Transport Route since June 1, 2016.

Follow the author on Twitter: @E_Kosolapova

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