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Port investment
Source: Xinhua |
November 29, 2010, Monday
|
Print Edition
Print Edition
AUTHORITIES in central China's Hubei Province yesterday announced they will invest more than 180 billion yuan (US$27 billion) to expand throughput capacity of Wuhan New Port on the Yangtze River between 2011 and 2020.
The move comes as Hubei seeks to explore the shipping potential of the Yangtze to make the port, which covers the cities of Wuhan, Huanggang and Ezhou, the shipping center for the middle reaches of the country's longest river.
The investment will help expand annual cargo throughput to 200 million tons and container throughput to 2 million TEUs (20-foot equivalent units) in 2015 from the current 100 million tons and 650,000 TEUs, it said.
The annual throughput is expected to increase to 240 million tons and 5 million TEUs in 2020.
The move comes as Hubei seeks to explore the shipping potential of the Yangtze to make the port, which covers the cities of Wuhan, Huanggang and Ezhou, the shipping center for the middle reaches of the country's longest river.
The investment will help expand annual cargo throughput to 200 million tons and container throughput to 2 million TEUs (20-foot equivalent units) in 2015 from the current 100 million tons and 650,000 TEUs, it said.
The annual throughput is expected to increase to 240 million tons and 5 million TEUs in 2020.
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