BUCHAREST (Romania), June 7 (SeeNews) – Romanian railway freight transportation group Grampet said it has signed a partnership memorandum with Kazahstan's NMSC Kazmortransflot LLP aimed at opening a new regular connection between Constanta and Batumi ports.
"There are many synergies and opportunities between the two ports, considering their strategic location on the route of major transport infrastructure projects, as well as the development potential for the long term," Grampet vice president Sorin Chinde said as quoted in a statement by the company.
Constanta Port has a handling capacity of over 100 million tonnes per year and 156 berths. The Batumi Port has a capacity of 18 million tonnes per year, five terminals and 11 berths. Investments in the port’s development amounted to $48 million over the past ten years.
Established almost 20 years ago, Grampet is the largest private rail freight and logistics operator in Romania, comprising 16 companies. Its flagship company, Grup Feroviar Roman, is the biggest private railway transport operator in Romania, with a market share of approximately 30%.
In November, Grampet started operations in Serbia through its local subsidiary Eurorail Logistics.
In September, Grampet joined the Trans-Caspian International Transport Route (TITR) Association, which is an initiative of the governments of China, Kazakhstan and Azerbaijan for the development of a new Asia - Europe multimodal transport corridor.
($=0.89 euro)