NWS Holdings, a subsidiary of Hong Kong-based New World Development, plans to raise the proportion of its infrastructure business to about 80 per cent of its operations within two or three years to further tap the mainland Chinese market, according to a Standard report quoting executive director Brian Cheng Chi-ming. Mr Cheng went on to say that the company is looking to develop some water and highway businesses.

NWS, along with partners including state-owned CRCT and CIMC, the world’s largest container manufacturer, will invest a total of Rmb12bn to build 18 rail container terminals. Three, in Kunming, Chongqing and Shanghai, are already in operation. All terminals are expected to be completed in 2012.