Tianjin partners list aims
New World Infrastructure says it is determined to put itself and partner Sea-Land Service on the cargo-handling map in China.
Managing director Douglas Chan said the two companies shared a vision of building transport and related infrastructure on the mainland.
New World and Sea-Land this week announced they had won a deal giving them the right to operate half the Tianjin container port, China's second-largest.
Both companies will invest US$29 million to modernise their joint-venture container terminal, which has a quay length of 11.36 metres with a 48-hectare yard.
Mr Chan said he was confident Tianjin, which has a strong industrial base, would attract more investments as companies there were making money.
Mr Chan said New World, which started investing in infrastructure in Tianjin last year, had so far put in 400 million yuan (about HK$372.79 million) and planned to invest another 700 million yuan this year.
The investments would be in government housing, old town redevelopment, toll roads, cement plants and port facilities, he said.
New World has a total of US$3 billion invested in various infrastructure projects in China.
