Dalian: The Asian Development Bank (ADB) has provided its first-ever logistics-related loan to establish a large capacity cold chain facility at the port of Tianjin.
“The project will not only address growing concern over food safety due in the People's Republic of China (PRC) to lack of infrastructure in cold chain storage and distribution, it’s also critical for agriculture product transportation and storage,” said Lu Shen, an ADB Investment Specialist in the Private Sector Operations Department.
Tedahang Cold Chain Logistics (TCCL) will use the RMB150m loan to introduce an international common warehouse management system, logistics management, and trading system that can serve as a model for the development of the cold chain logistics industry in the PRC. The facility will also provide merchandise handling, warehousing, logistics equipment, as well as a customs inspection service facility for fruits and vegetables, meat and aquatic products.
TCCL is a joint venture project of Tianjin Binhai TEDA Logistics Group, Toyota Tsusho (China) Co., Ltd, and Kamigumi (Hong Kong) Co. Ltd. [17/10/12]