THE Chongqing railway container freight station expansion plan has won approval from the Chinese Ministry of Railways, Xinhua reports.
The freight station will be enlarged to include a container logistics park serving a wide range of businesses, providing express delivery and cargo distribution service at a cost of CNY766 million (US$101 million). By 2015, it is expected the container logistics park will be able to handle 810,000 TEU and 1.4 million tons of express cargo each year.
China United International Rail Container, a joint venture between China Railway Container Transport, China International Marine Containers, Deutsche Bahn, CMA CGM, Zim and two other Hong Kong companies, will invest CNY618 million in the project and will be responsible for the park's container operations.
The Ministry of Railways' subsidiary China Railway Express will invest CNY77 million and manage the express delivery aspect of the operation. Chengdu Railway Administration will invest CNY71 million and handle cargo distribution at the freight station.
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