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News

Additional investment for Nanjing terminal

3 December 2014
Nanjing Port has is to inject funds into Qingjiang Terminal along with Qingjiang Co, the main shareholder of the terminal, reported SinoShip News.

The two partners will invest a further Rmb20m in Qingjiang Terminal, of which Rmb9.8m will come from Nanjing Port. When the deal is completed, Nanjing Port will hold 49% of shares in the terminal, with Qingjiang Co holding the remainder.

The funds will be used to support the expansion of Nanjing’s Xiba port area. The project includes the construction of a 50,000-ton berth with a designed annual handling capacity of 1.8m tons.

     
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