10 February 2017

Kazakhstan and Iran create the joint venture

bd50051b9ceae1d94b5eda907f57936d.jpgThe documentation on the establishment of a joint venture between KTZ Express and Islamic Republic of Iran Shipping Lines (IRISL) was updated in order to begin the JV’s activity.

In December 2016, the two companies signed a constituent agreement on establishing a joint venture. The beginning of the joint venture is scheduled for March 2017. At the initial stage will be carried out operating activities with the provision of transport and logistics services.
The agreement was signed to encourage measures contributing to facilitating maritime transport in the Caspian Sea Region, joint cooperation in terminal management, integrated transport between Iran’s southern ports and CIS countries, building port terminal and investment in the ship repair sector between Iran and Kazakhstan.

Source: http://www.railwaypro.com