Shanghai: CIG Yangtze Ports will invest CNY 150 million in building a dock for heavy and large-sized goods in the Yangluo Port in Wuhan, Hubei province.
The dock, which is near the first phase dock project of the container relay center of the Hong Kong-listed company, covers an area of 8 hectares and 150 meters long on deep-water front along the Yangtze River. It can handle single large goods as heavy as 600 tons as well as general goods.
The project will start construction at the beginning of 2008 and is expected to finish in mid 2009. The investor will introduce quay cranes with maximum carrying capacity of 600 tons and flatcars to the dock.
The dock will satisfy the demands of Siemens, Areva and Alstom, three world top-500 machinery suppliers, which signed letters of intent with Wuhan Municipal Government on investing heavy industry manufacturing companies in the Yangluo Development Zone.
Shanghai International Port Group is the other major investor in Wuhan port. [09/08/07]
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