Greater China

Tangshan port to invest RMB5.5bn in coal berths

Beijing: Despite the general depression of domestic port industry, a north China port, Tangshan port, has achieved over 30% growth in profits for five consecutive years. The port will accelerate its capacity expansion and invest RMB5.5bn to build five coal berths.

The port company will start the construction of the five coal berths this year, and intends to complete the project through a combination of debt and equity financing.

The new coal berths project is designed to add an additional 56m tons annual handling capacity. [02/04/13]

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