DP World,Kazakhstan to build port system for Eurasian corridor

Global operator of marine and inland terminals, DP World today said it has inked two pacts with Kazakhstan for developing a port community system (PCS) for Eurasian Transcontinental Trade Corridor.
PCS is one-stop electronic platform developed by DP World company Dubai Trade which enables the exchange of information between organisations involved in maritime, inland and airport processes.
"Two Memorandums of Understanding (MoUs) were signed between global trade enabler DP World and the Kazakhstan government for the development of a PCS and to integrate customs processes ahead of the Astana Economic Forum," the company said in a statement.
The pacts aim at improving the ease of doing business at Kazakhstan's ports and free-zones through paperless transactions that remove long queues in administrative offices, delays and duplication.

The first agreement was signed between DP World and the Kazakhstan Temir Zholy (KTZ) for setting up a joint venture company to implement and manage the PCS system.
The pact aims at 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 statement said.

The second MoU was signed between DP World, KTZ and the Committee of State Revenues of the Ministry of Finance of Kazakhstan (Customs) to ensure the integration of customs processes into the online portal, it said.

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 supports multimodal transport links, according to DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem.
"Integrating services makes trade faster, safer and more efficient for our stakeholders attracting investment and helping business. That's why these announcements today are important for Kazakhstan, providing smart trade solutions for the country and to increase efficiencies for business," he said.
He added, "We have experience of delivering this at our flagship operation in Jebel Ali, where the Dubai Logistics Corridor connects road, rail, air and sea transport providing seamless cargo movement through the Dubai Trade Portal with more than 50,000 transactions conducted each day.