Yangshan ready for 4th phase expansion

6/6/2011 10:08:39 AM

Shanghai is about to start the fourth phase of the expansion of the Yangshan Port, a project that will add more than 40 per cent to the handling capacity of the deep-water port. The city government, awaiting a nod from the National Development and Reform Commission, plans to spend more than US$1.554 billion on the development of new deep-water berths, according to Wang Xuan, chief engineer with Shanghai Tongsheng Investment, in charge of building the Yangshan port, reported the South China Morning Post. The expanded project, expected to be completed in 2015, will have an annual capacity of four million TEUs.   Cargonews Asia

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