Haicang set for growth

PUBLISHED : Friday, 13 September, 1996, 12:00am
UPDATED : Friday, 13 September, 1996, 12:00am

Haicang port in Fujian province has signed development deals worth a total of US$146 million. The 11 deals included eight industrial projects with combined investment of $40.8 million, one port development project involving $96.38 million and two real estate projects involving $9.04 million.

Of the total investment agreed at a trade fair in the province, $77.75 million would come from overseas, reported Xinhua (the New China News Agency). It gave no details.

Haicang port is in Xiamen city, which has been chosen by Beijing as a future centre for proposed direct trade links with Taiwan. Construction of facilities such as telecommunications, electric power and berths for shipping had begun and work on the Haicang Bridge, Xiamen's largest project this century, would start by the end of this year.