Kazakhstan Railways signs agreements with Chinese companies totaling $400 mln

ASTANA. July 15 (Interfax) - Kazakhstan Railways has signed a package of agreements with Chinese partners totaling $400 million, the company's press service reported.

The agreements signed in Shanghai are aimed at collaborating in IT infrastructure, port and terminal logistics, shipbuilding and digitalization of transport processes, as well as developing international transport corridors.

Kazakhstan Railways has signed documents with China Harbour Engineering Company Ltd., Sichuan Port and Shipping Investment Group Co. Ltd., COSCO Shipping Container Lines Co. Ltd., Global DTC Kazakhstan Ltd., NIZE Intelligent Technology Co. Ltd., China Railway Container Transport Co. Ltd., Lianyungang Port Group of Companies LLC, Jiangsu Haizhongzhou Shipping Industry Co. Ltd., and Huawei Technologies Kazakhstan LLP.

"The signed documents are overall estimated at approximately $400 million, with some contracts denominated in yuan and tenge," according to the press release.

Kazakhstan Railways is a transport and logistics holding that operates Kazakhstan's main railway network. The state-owned Samruk-Kazyna National Wealth Fund is the sole shareholder. The railway operator plans to hold an IPO in 2026.