China COSCO Shipping Corporation has inked a Strategic Cooperation agreement with Shaanxi Provincial People’s Government to jointly develop the logistics sector in Shaanxi Province.

According to the agreement, the two parties will jointly promote Belt & Road Initiative and develop the land-sea-railway transportation channel, and strengthen the cooperation on intelligent transportation and China-Europe freight trains.

COSCO Shipping will provide support to Shaanxi for its development of central and west China railway transportation hub and international cargo handling centre.

Shaanxi, on the other hand, will support COSCO Shipping in expanding its local business Network.

Shaanxi Province is located at the centre of China. Its capital city Xi’an is a gateway to the Silk Road Economic Belt, which is expected to be developed as a hub for the Belt and Road Initiative.