PSA International (PSA) has invested in China United International Rail Containers Co. (CUIRC), a Sino-Foreign joint venture with a mandate from the government of the People’s Republic of China to develop and operate 18 railway container terminals within the country.

The investment makes PSA the only global terminal operator with a shareholding in CUIRC, carried out through the acquisition of Hong Kong-based Luck Glory International Limited, which owns a 15.3% stake in CUIRC.

The deal also marks PSA’s first venture into China’s railway container terminal facilities, and extends its network in China beyond its 11 coastal container terminals in Dalian, Fuzhou, Guangzhou, Tianjin, Dongguan, Lianyungang and Guangxi Beibuwan.

PSA’s group chief executive Tan Chong Meng said: “The CUIRC project is a game-changer for PSA and fits into our overall strategy for China. I am confident that we will be able to forge strategic relationships with our partners, leveraging our complementary strengths to make the collaboration a success.”