New Port Container Tender

Scope To Develop a New Port and Container Terminal at the Yangshan Deep Water Port in Zhejiang province ChinaShanghai International Port Group will spend CNY 51.3 billion 7.2 billion to develop a new port and container terminal at the Yangshan Deep Water Port in Zhejiang province.The project will have seven 70000-ton and 15 20000-ton container berths and supporting facilities with a total annual throughput capacity of 11.6 million TEU.Construction work is scheduled to start at the end of next month and finish within eight years maximum.SIPG did not say how it will fund the project.SIPG unit Shanghai Shengdong International Container Terminal will oversee the venture.