Shenzhen Yantian Port is set to team up with Hutchison Whampoa Yantian Port Investment to construct the western section terminal of the Port of Yantian, one of the fastest growing ports in southern China, SinoCast China Transportation Watch reported.
Three new 50,000-tonnage container berths are to be built, and an old one is to be enlarged.
Yantian Port will contribute $69 million, Hutchison Whampoa's port investment unit $128 million, with the remaining $365 million coming from bank loans.
The western section of Yantian Port mainly serves near sea routes, Southeast Asian sea routes, and domestic trade sea routes, while Yantian International Container Terminals Limited the operator of the middle section, manages international ocean routes. The western section terminal is built to allocate their sea routes.
CargonewsAsia
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