Guangzhou: The southern Chinese port of Putian has set up Putian Port Group to invest in and manage port terminals in the region.
The restructuring and reestablishment of Putian Port Group, lead by Fujian Provincial Communication Transportation Group, aims to integrate the public terminal assets of Meizhouwan Dongwu port area, Putou port area and Xiuyu port area.
After the integration, the total asset value of Putian Port Group will be nearly RMB5bn ($803.7m). The group is building and plans to building 50 berths in all, with total investment of RMB10bn ($1.6bn). [29/12/14]