Taipei: Kaohsiung port (pictured) in Taiwan has said that it will invest $1.5bn over the next eight years to improve port facilities and increase traffic throughput.
"We need to lift our efficiency and competitiveness, and take a long-term view," Shieh Ming-hui, Kaohsiung Harbour Bureau director-general, told Reuters.
The port, which currently boasts five container terminals and 23 berths, is scheduled to re-open a tender for a US$364 million container terminal project in February. The build-operate-transfer tender, previously awarded to Yang Ming, was withdrawn because the company asked for a 15-year period to complete the four berth terminal, originally slated for a seven year construction. The new tender boasts a lower entrance fee in order to attract foreign investment, and would allot bidders an 11 year period to complete construction.
Port authorities are also to invest in a number of infrastructural improvements such as deepening the two exits from the port, building a new bridge to link the new terminal with existing berths on the opposite shore and improved road links. They also plan to purchase land to construct a logistics park neighbouring the port. [26/01/07]
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