BRUSSELS: The Port of Zeebrugge has signed an MoU with the China Development Bank and Changjiu Logistics Group to promote trade and cargo flows between China and Europe via Zeebrugge.
China Development Bank is to provide financial support for Chinese exporters who set up their European cargo consolidation centers in Zeebrugge.
The bank will also provide financial support to expand the ‘Silk Road Platform Zeebrugge’ project launched by Zeebrugge, China COSCO Shipping and China Minmetals in October last year.
Meanwhile Changjiu Logistics Group has signed a three-year deal with the port to launch a rail service from Heilongjiang Province in north-east China to Zeebrugge carrying up to 24,000 Volvo cars a year valued at €600 million.
With four to six services a week and up to 300 a year, each train will be loaded with 225 cars and the transit time will be less than 20 days.
Volvo has a manufacturing hub in Daqing, Heilongjiang and will export its S90 flagship sedan to Europe via the new train service.
Seated right of picture: Joachim Coens, Zeebrugge Port Authority CEO, signing the agreements witnessed by Chinese premier Keqiang Li and Belgian prime minister Charles Michel.