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PSA enters joint venture deal to operate new southwest China port

PSA International (PSA) has signed a joint venture agreement with Beibu Gulf Port Group (BPG) and Pacific International Lines (PIL) to operate a new container terminal in Qinzhou city in China’s Guangxi province, set to open later this year.

The joint venture terminal – Beibu Gulf-PSA International Container Terminal Co (BPCT) – is PSA’s first foray in the southwestern China region, one of the fastest growing economic regions in China.

“Guangxi-Beibu Gulf’s strategic location, established transport infrastructure and extensive hinterland offer tremendous potential for our terminal to support the remarkable growth in China’s southwestern region,” commented Tan Chong Meng, group ceo of PSA.

The joint venture will operate and manage a total quay length of 1,533 metres, a designed capacity of 3m teu per annum. It will also be equipped with super-post panamax quay cranes (of 23-row reach) and provide a water depth of 15.1 metres.

Operations are expected to commence in the fourth quarter of 2015.

The terminal will support the container trade growth in the region and serve the vast hinterlands of Guangxi, Sichuan, Chongqing and Hunan. It will also connect the region to key shipping routes linking China to Asean countries, East Africa and the Mediterranean.

Under the action plan for the ‘One Belt, One Road’ development, which the Chinese government issued on 28 March 2015, Guangxi is being positioned as an international corridor linking to the Asean region, and a strategic pillar to support the opening up and development of the southwest and mid-south regions of China.

It also forms an important gateway connecting the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

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