CHONGQING • Two joint-venture companies set up by Singapore and Chinese firms to boost the flow of trade and services between the two countries were officially inaugurated yesterday.. Read more at straitstimes.com.
CHONGQING • Two joint-venture companies set up by Singapore and Chinese firms to boost the flow of trade and services between the two countries were officially inaugurated yesterday.
One is called Sino-Singapore Chongqing Connectivity Solutions (SSCCS) and will develop standards and practices for river, rail, air and road transport modes linking Chongqing with western China and beyond.
It will facilitate the development of logistics facilities and services such as supply chain solutions. For a start, the company will help develop cargo train services along the Southern Transport Corridor from Chongqing to Beibu Gulf.
Using this rail corridor in place of the existing Yangtze River route will cut freight time from China’s southern coastal area to inland Chongqing from 10 days to less than three days.
The other firm — Sino-Singapore (Chongqing) DC Multimodal Logistics — will help plan, develop, manage and optimise multimodal operations across road, rail, river and air.
