Tianjin to spend RMB16bn on port infrastructure

Tianjin to spend RMB16bn on port infrastructure

Dalian: Tianjin, a major port city in North China, will spend around RMB16bn ($2.56bn) to develop port infrastructure projects in an effort to support the development of the new Tianjin Free Trade Zone (FTZ), which was approved in December 2014.

The funds will be used for the construction of port terminals, navigation channel dredging projects and adding ancillary facilities.

The new Tianjin FTZ, which is expected to open officially in March, covers an area of 120 sq km, with the Tianjin Port part of the FTZ occupying a quarter of the area.

Tianjin Port completed an annual cargo throughput of 540m tons and container throughput  of 14m teu in 2014.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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