According to the Zhitong Finance App, Jiayou International (603871.SH) announced that the consortium formed by the company and THIRTY FIVELOGISTIQUE LLC plans to sign a memorandum of cooperation with the Democratic Republic of the Congo (DRC) National Transportation Authority (“ONATRASA”) to jointly promote the multimodal transport project in the western transport corridor of the Democratic Republic of the Congo (DRC). The purpose of the Memorandum of Understanding is to confirm cooperation intentions, clarify the cooperation framework, and lay the foundation for further exploration of commercially viable public-private partnerships (PPP). The two sides will exchange relevant information on the premise of complying with their respective commercial confidentiality requirements, carry out project research, due diligence and negotiations in accordance with agreed procedures, and form a formal cooperation agreement.
The company's current business in the Democratic Republic of the Congo (DRC) is mainly concentrated at land border crossings. If this cooperation is successfully implemented, the company's business layout will expand to seaports, railways, dry ports, and inland waterway transportation. The project plans to use Boma Port and Matadi Port as the gateway to the sea, the Matadi-Kinshasa Railway as the main line, and the Songololo and Limete Dry Port as collection and evacuation nodes to connect the Congo-Kasai River water transport network to form a multimodal transport channel connecting the gateway to the Atlantic Ocean, Kinshasa and the Congo River basin.
The above layout is expected to improve the efficiency of cargo connections between seaports, inland waterways and railways, make full use of the potential of inland waterway transportation, ease regional freight congestion, and better serve the two-way freight needs of Kinshasa, Brazzaville and the Congo River basin. The company is expected to rely on new logistics nodes to integrate supply along the route, expand business volume, and further enhance its competitiveness in the field of integrated cross-border logistics in Central Africa.