China Merchants Port eyes overseas port projects

China Merchants Port eyes overseas port projects

China Merchants Port Holdings has signed strategic cooperation agreements with China Africa Development Fund and China Portugal Cooperation Development Fund to seek investment opportunities.

Under the agreements, the parties will work together to promote the development of potential port and infrastructure projects in Africa and Portuguese speaking countries including Portugal, Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, and East Timor. China Merchants will provide operational and technical expertise while the funds will provide financial support.

Both China Africa Development Fund and China Portugal Cooperation Development Fund are led by China Development Bank.

State-run China Merchants Group is one of the major overseas investment entities under China’s Belt and Road initiative.

China Merchants Port currently has a port network spanning 36 ports in 18 countries and regions.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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