SIPG, Suzhou cooperate on river container center development

Shanghai Tongsheng Logistics Park Investment and Development Company, a wholly owned subsidiary of SIPG, and Suzhou Newcity Investment and Development Company will jointly invest in and establish the joint venture Shanggang Jiyuntong Logistics Information (Suzhou) Company.

Aiming to develop an inland container handling hub in Suzhou, the new joint venture will combine the resources of SIPG and the multi-model transportation service provided by Suzhou international railway logistics center, and improve operation efficiency of Yangshan port, Shanghai and lower the logistics costs for local industry players.

The designed annual handling capacity of this inland river container handling center will reach 700,000 teu.

Gu Jinshan, chairman of SIPG, said the port is expecting to accelerate the development of inland container hub project, deepen the cooperation with Taicang and other ports in Jiangsu and make more contributions for integrated development of Yangtze river region.