Home>>Business
Last updated at: (Beijing Time) Thursday, May 29, 2003

Tianjin Pledges to Invest Heavily in Port Construction

The city of Tianjin in north China pledged to invest 27 billion yuan (3.25 billion US dollars) from 2003 to 2010 to speed the development of Tianjin Port with a view to making it a major international port and container transport hub in Northeast Asia.


PRINT DISCUSSION CHINESE SEND TO FRIEND


The city of Tianjin in north China pledged to invest 27 billion yuan (3.25 billion US dollars) from 2003 to 2010 to speed the development of Tianjin Port with a view to making it a major international port and container transport hub in Northeast Asia.

According to the mayor of the city, Dai Xianglong, Tianjin will complete its 14 billion yuan (1.69 billion US dollars) investment in the port by 2005 in order to boost the port's handling capacity.

By 2010, the city will invest an additional 15.4 billion yuan (1.86 billion US dollars) to develop 10 projects, including the construction of a 200,000-ton-class navigation project and breakwater project.

Tianjin will also invest nearly 11.9 billion yuan (some 1.43 billion US dollars) to build expressways leading to the port and related infrastructure facilities.

The handling capacity of Tianjin Port is expected to reach 230 million tons by 2010, and its container handling capacity will increase to 10 million standard boxes, or 40 percent of the port'stotal.

According to Ding Rumin, director of the Tianjin Port Administration, the port will strive to reach its goal of accounting for 10.5 percent rather than the current 7.7 percent ofthe coastal cities' total handling capacity across the country by 2010.

By 2010, Tianjin Port will be China's second largest port, and its stated goal is to eventually be listed among the world's top ten or to contribute 42.8 billion yuan (5.15 billion US dollars) to the city's GDP.


Questions?Comments? Click here
    Advanced








 


Chinese Crack Down on Public Spitting ( 2 Messages)

United States Afraid of its Own Shadow: Mahathir ( 8 Messages)

Int'l Community Aids China's SARS-control ( 6 Messages)

BBC Leader Criticizes US Coverage of War against Iraq ( 17 Messages)

US Interference in China's Internal Affairs Doomed to Failure: FM Spokeswoman ( 7 Messages)



Copyright by People's Daily Online, all rights reserved