PKP Cargo to create joint venture with Zhengzhou International Hub

State-controlled PKP Cargo is signing a latter of intent to establish a joint venture with  Zhengzhou International Hub (ZIH) from Henan province in China. The parties will cooperate to expand a handling terminal near the Polish border with Belarus, web portal forsal.pl informed on Monday. Chinese Zhengzhou International Hub will own 51 percent stake in the entity. The company will be established within three months, the web portal also reported. ZIH seeks to find new markets for goods manufactured in Henan. Poland is to be crucial in expanding access to Germany, where cargo will be handled to export it further to the west.