Kazakhstan plans new China-Russia transit route
NewsKazakhstan is developing a new trade route from China to Russia via the Irtysh River, with a port and railway planned, aiming for completion by 2026.
Russian ports have been a magnet for investment by powerful shipper groups and the trend is continuing.
Novolipetsk metallurgical works (NMW) is rumoured to be on the verge of buying the two largest terminals in the Port of Saint Petersburg, which together account for more than half the port’s tonnage and revenues. The price is said to be in the US$100-120 mill range.
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This complete item is approximately 650 words in length, and appeared in the March 2004 issue of WorldCargo News, on page 26. To access this issue download the PDF here.
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