According to the agreement, the two parties will jointly promote Belt and 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 center. Shaanxi, on the other hand, will support Cosco Shipping in expanding its local business network.
Shaanxi province is located at the center 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.
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