Shanghai: Taizhou Port is investing RMB1bn on port infrastructure as part of its port development plans.
The investment will be used to expand two existing 5,000dwt berths, and build two 30,00dwt oil berths, one 5,000dwt oil berth and a 35,000dwt coal terminal.
The local transport authority is currently working on a new development plan for the port which is expected to be completed by the end of this year. [24/10/14]
