Guangzhou Port will spend 7.4 billion to build another terminal
guangzhou port
Recently, Guangzhou Port Co., Ltd. (601228) issued an announcement on the establishment of a wholly-owned subsidiary to invest in the construction and operation of the international general terminal project in the Nansha Port Area of Guangzhou Port.
The announcement stated that in order to better serve the economic and social development of the hinterland, accelerate capacity building, improve the passing capacity of general and container terminals, and accelerate the development of the main port business, Guangzhou Port Co., Ltd. (hereinafter referred to as the “Company”) plans to invest in the construction of Guangzhou Port Nansha port area international general terminal project (hereinafter referred to as “the project”), the project investment is estimated to be 7.472 billion yuan.
Due to future construction market price changes, design deepening, government approval, and other factors, the investment estimate may be adjusted. The company set up a wholly-owned subsidiary to invest in the construction and operation of the project. The registered capital of the subsidiary is RMB 1.494 billion, which will be funded by installments in currency. The registered place of the subsidiary is Nansha District, Guangzhou City.
The project is located downstream of the third phase of the Nansha Port Area. According to the Nansha Port Area, Planning and Adjustment Plan approved by the Ministry of Transport in 2016, two 150,000-ton and two 100,000-ton general-purpose berths are proposed. Design and construction of berthing 200,000-ton container ships, with a designed annual passing capacity of 10 million tons; build 8 3,000-ton general inland river barge berths, and the hydraulic structure is designed and constructed according to berthing 5,000-ton inland river barges, with a designed annual passing capacity of 5.5 million ton; build six 3,000-ton container inland barge berths with a designed annual throughput of 500,000 TEU. The annual design passing capacity of this project is 15.5 million tons of general bulk cargo and 500,000 TEU of containers. The construction period of the project is expected to be 3 years.
After the project is completed, it will promote the coordinated development of the port business of Guangzhou Port, optimize the river-sea intermodal transportation pattern in the port area, and enhance the market competitiveness of Guangzhou Port Co., Ltd.
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