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Joint venture to build railway terminal in China-Belarus industrial park Great Stone

Economy 24.05.2019 | 19:34
Aleksandr Turchin
Aleksandr Turchin

MINSK, 24 May (BelTA) – The construction of a railway terminal in the China-Belarus industrial park Great Stone was discussed as First Deputy Prime Minister of Belarus Aleksandr Turchin met with Erich Staake, CEO of the German company Duisburger Hafen AG, on 24 May, BelTA has learned.

Work is in progress to set up a joint venture involving the Chinese side and the Belarusian one with assistance of European companies. The new enterprise will be responsible for building and operating the railway terminal.

Erich Staake
Erich Staake

The agreement to implement the project is supposed to be signed during a regional cooperation and development forum, which will take place in the China-Belarus industrial park Great Stone on 1-3 July within the framework of the Belt and Road initiative.

Duisburger Hafen AG is the managing company of Europe's largest river port, which handles over 120 million tonnes of freight delivered by sea, by rail, and by road every year. Duisport is the main end point of the terrestrial Silk Road. This is why the port plays a strategic role in the Belt and Road concept.

Duisburger Hafen AG became a shareholder in SZAO Industrial Park Development Company in April 2018.

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