DP World and Kazakhstan to build port community system for Eurasian transcontinental trade corridor
Two Memorandums of Understanding (MoU’s) were signed between global trade enabler DP World and the Kazakhstan government for the development of a Port Community System (PCS) and to integrate customs processes ahead of the Astana Economic Forum today.
PCS is a one stop electronic platform developed by DP World company Dubai Trade, that enables the exchange of information between organisations involved in maritime, inland and airport processes. The aim is to imp rove ease of doing business in Kazakhstan’s ports and freezones through paperless transactions that remove long queues in administrative offices, delays and duplication.
The first agreement was signed between DP World and the National Company "Kazakhstan Temir Zholy” (KTZ) for the establishment of a joint venture company to implement and manage the PCS system with the aim of creating a multimodal transport corridor (the Eurasian Transcontinental Corridor), featuring automated logistics processes for cargo delivery and the unification of logistics centres, sea and dry ports into a single transport and logistics network.
The second MoU was signed between DP World, KTZ and the Committee of State Revenues of the Ministry of Finance of the Republic of Kazakhsta n (Customs) to ensure the integration of customs processes into the online portal. Kazakhstan’s potential as a key transit corridor for China’s One Belt, One Road initiative can be realised by focusing on soft and hard infrastructure development that supp orts multimodal transport links, according to DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem.
Mr. Bin Sulayem was speaking at the Astana Economic Forum, an annual event that provides a platform for discussion on the world’s economic opportunitie s and challenges, and hosts government and business figures from more than 80 countries. During his panel discussion that focused on the New Silk Road, he said that multimodal connectivity is key to realising the Kazakhstan President’s ‘path to the future’ vision, which includes the ‘Nurly Zhol’ – a $9 billion infrastructure spending programme – to help prepare a future - ready economy.
Earlier this year, DP World also announced its involvement in the development of a Special Economic Zone (SEZ) in Aktau to boost trade and logistics in the country. It builds on DP World’s management advisory services contract with the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea. The company also provides advisory services under a separate contract with Kazakhstan Temir Zholy (KTZ), Kazakhstan’s national railway company, for the development of t he Khorgos SEZ and Inland Container Depo.