Shanghai: The dramatic construction work at Yanghsan to the southeast of China's financial metropolis Shanghai continues apace.
Shanghai International Port Group is to issue Yuan3.7bn ($537m) worth of one-year debt to pay the deposit to operate a three-berth new terminal at Shanghai's Yangshan port area - Section B of Phase III. The new terminal with 1,250 m of quayside able to accommodate 1.8m teu a year is set to open this month. Yangshan is on track to record 8.7m teu of business this year.
The completion of Phase III is the final part of the jigsaw in the development of Yangshan's North Port Area. Meanwhile, the West Port Area of Yangshan Port is estimated to complete overall construction by 2013 local media reported. The West Port Area has a total coastal line of nearly 4 kilometres. [4/12/08]
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