Advertisement
Pearl River port seeks foreign cash
2-MIN READ2-MIN
JIANGMEN in the Pearl River delta seeking foreign investors to participate in the development of a port at a cost of 200 million yuan (about HK$179.4 million).
Plans for the development were announced to Hong Kong Shippers' Council members who visited delta ports last week.
The port will cover 1.3 million square metres and handle vessels of up to 5,000 deadweight tonnes (dwt).
Advertisement
Port officials said a bigger facility was needed to cope with the growing container and cargo traffic.
They said negotiations were under way with Hong Kong investors to set up a joint venture.
Advertisement
The port will be built east of Wai Hai, where a hi-tech industrial park is being set up about one kilometre from the existing facility.
Advertisement
Select Voice
Select Speed
1.00x