Chinese real estate firm eyes Weihai terminal project

Dalian: Zhuoda Group, a private Chinese real estate company, is planning to build a 300,000dwt class terminal at Weihai, a northeast port city in Shandong province, aimed at dry bulk and general cargo. 

“The project will be divided into two phases, the first phase includes two 5,000dwt class terminals, which is expected to start operation next year, while the second phase includes a 300,000dwt class terminal,” an official from Zhuoda said, adding: “When the terminal project is completed, our company will set up a new jv with the local port authority to manage the terminal business. We believe that profit of the new business is to be better than real estate.” [06/11/13]

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