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Government pumps $635m into struggling Kaohsiung

Government pumps $635m into struggling Kaohsiung

Kaohsiung: Determined to get its premier port back on track the Cabinet-level Council for Economic Planning and Development (CEPD) approved a plan Monday to inject NT$20.9 billion (US$635.6 million) over the next four years to improve the competitiveness of Kaohsiung Port.

The CEPD noted the openeing of Taipei's port at the end of next year will likely result in the loss of 5% or 500,000 teu of Kaohsiung's throughput.

The money will be spent through to 2011 on improving berths as well as transport links to the southern port. Kaohsiung was the third largest boxport in the world seven years ago - this year it will slide out of the top six.  [21/8/07]