PKP CARGO Group and Zhengzhou International Hub from the Chinese Henan Province will establish a joint venture inovolved in rail container freight between Central China and Europe. The key project element is the Małaszewice dry port owned by PKP CARGO located at the Polish and Belarusian border. In result, the number of trains travelling between China and Europe co-serviced by PKP CARGO may increase up to 300 per annum.
The letter of intent signed on 16 June in Warsaw stipulates the scope and terms and conditions of cooperation between PKP CARGO and Zhengzhou International Hub. Both parties will establish a joint venture, in which each of them will hold 50% of shares, within three months from entering into agreement. The joint venture will draw-up a business plan for the investments in the Małaszewice logistics centre. By using the existing infrastructure, the centre will be adjusted to handle greater volume of Chinese containers and provide additional logistics services e.g. storage and packaging. Thanks to these investments, Małaszewice will be able to become the main hub for the containers transported from China to Europe by rail.
“This unique agreement creates the new opportunities for trade exchange with China. This is also the next step in execution of PKP CARGO international expansion strategy,” Chief Executive Officer of PKP CARGO Adam Purwin said.
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