Shenzhen Yantian Port has announced that it will make investment of RMB774m ($115m) to build five new berths at Hubei’s Huangshi Xingang Port on the Yangtze River.
The five berths are made up of two bulk berths, two breakbulk berths and one container berth.
Huangshi Xingang Port is a joint venture between Yantian Port (80%) and Huangshi Transport Investment (20%). The jv plans to develop Huangshi Xingang Port into a major intermodal port on the Yangtze River through the upgrading of the port.
Yantian Port said the investment will meet the growing river shipping demand in the region and it is in line with the company’s Yangtze River investment strategy.