The Rhenus Group aims to expand its operations in Uzbekistan by signing a memorandum of cooperation with Uzbekistan Railway to establish new joint ventures.
In particular, the partners aim to jointly operate and expand combined terminals in Uzbekistan’s Andijan and Samarkand.
The agreement, which will see the partners work together more closely on developing existing transshipment facilities in Uzbekistan, was signed in the presence of Uzbek Transport Minister Ilhom Mahkamov on the fringes of the Central Asia Summit, which took place in Berlin, Germany in September.
Under the agreement, two joint ventures will be established between Rhenus and Uztemiryulkonteyner, a subsidiary of Uzbek Railways with the goal of expanding and operating the combined road-rail terminals in Andijan and Samarkand. The partners have also agreed to take measures to expand capacity and increase rail freight traffic in the Republic of Uzbekistan.
“This strategic partnership with Uzbekistan Railway opens a new chapter in Rhenus almost 30-year presence in Central Asian states, a region home to around 94 million people. In the years ahead, we expect growing demand for the transportation of containerized goods and commodities that we connect with Europe’s transport networks along the Middle Corridor of the,” commented Tobias Bartz, CEO and chairman of the Rhenus Group.
