A Chinese terminal operator will take the slot vacated by Philippines-based ICTSI at Brunei’s top container facility.
Guangxi Beibu Gulf Port Group is working in a joint venture with state-backed Darussalam Assets to run Muara Container Terminal, a move that state media in China have hailed as the latest in a string of investments to further Beijing’s One Belt, One Road initiative.
“Brunei is an important country along the 21st century maritime Silk Road. We hope that bilateral cooperation in every field can be further deepened,” Chinese ambassador Yang Jian was reported as saying at the opening ceremony.
Guangxi Beibu Gulf Port Group, located in the southwest of China, has also formed port ties in Malaysia recently.