PSA International and Kazakhstan Railways formed a joint venture.

PSA International, a port group and trusted partner to cargo stakeholders, and Kazakhstan Railways, the operator of the main railway network of the Republic of Kazakhstan, formed a joint venture. Financial terms were not disclosed. “This joint venture is a milestone moment for PSA, as it expands our global footprint into Central Asia, and reflects our continued commitment to enhance global connectivity and enable sustainable trade. By partnering with KTZ to develop a holistic physical and digital ecosystem for the users and stakeholders of the Trans-Caspian International Transport Route, we seek to create a seamless and efficient logistics network that offers cargo owners a vital and valuable option to improve the agility, resilience and sustainability of their businesses," Tan Chong Meng, PSA International Group CEO.