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In Baku, at a meeting of the working group on the development of the Trans-Caspian International Transport Route (TITR), JSC NC KTZ and PTC Holding signed a memorandum on the construction of a multimodal container terminal in the Georgian port of Poti. The planned capacity of the facility will exceed 80 thousand TEU per year, and the investment volume will amount to $30 million.

The General Assembly of the International Association “Trans-Caspian International Transport Route” (TITR) was held in Baku. Delegations from 10 countries took part in the meeting, including heads of railway administrations of the participating countries and representatives of leading transport and logistics companies.

Romanian logistics company Aquila has announced that it is expanding its operations by acquiring the Hungarian distribution company Kitax, which specializes in hygiene products, consumables and workplace safety equipment. The deal strengthens Aquila’s position in the region and opens up its second foreign market after Moldova.

Kazakhstan and China are strengthening their transport cooperation, having agreed to increase the volume of transportation along the Trans-Caspian International Transport Route (TITR). The agreements reached were the result of the 15th meeting of the Subcommittee on Cooperation in Transport, which was held in Urumqi with the participation of Kazakhstan’s Vice Minister of Transport Maksat Kaliakparov and China’s Deputy Minister of Transport Li Yang.