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PSA acquires terminal in Lianyungang

8 November 2013
PSA has taken over a container terminal in the sea port of Lianyungang, Jiangsu province, which is expected to start operations next year.

The project was owned by China Shipping Container Lines and Lianyungang Port Group.
Should the deal gain regulatory approval, a joint venture between PSA and Lianyungang Port Group will take over the terminal project.

This will be PSA’s first major investment in the Yangtze River Delta region. The Singapore-based operator said that the terminal will support container trade originating from the economically important coastal provinces of Shandong and Jiangsu. It added that the established rail connections, including the New Eurasia Land Bridge, create an integrated intermodal network.

“Lianyungang Port handles the highest intermodal container volume by sea and rail in China, servicing the hinterland of central and west China,” said Bai Li Qun, Lianyungang Port Group chairman. “The collaboration between PSA and Lianyungang Port Group will help to spur economic growth in the region.”

The container terminal has a designed capacity of 2.8m TEU and a water depth of 16.5 metres.

     
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