PSA International Pte Ltd (PSA) and Kazakhstan Railways (KTZ) have signed an agreement to establish a joint venture company, KPMC to promote the development of the Trans-Caspian International Transport Route (TITR).
The Trans-Caspian International Transport Route (TITR) provides a railway connection between China and Europe, offering an alternative intermodal transportation solution for cargo owners seeking supply chain resilience, agility, and sustainability. KTZ and PSA have formed a partnership to enhance the development of the TITR, implementing initiatives like block trains and station-to-station products and services. These efforts aim to streamline cargo flow, reduce transit times, and lower transportation costs along the TITR. The Agreement is subject to customary conditions, including regulatory approval.