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News

Yibin to raise funds through port listing

18 December 2014
Sources published in China Maritime News Network say that Yibin, the most westerly port on the Yangtze trunkline, is actively considering the idea of floating Sichuan Yibin Port Company, the state-owned port operator, in a bid to raise funds to invest in local transport infrastructure.

One of the infrastructure projects is an 18km-long rail line into the port, estimated to cost Rmb2bn. Construction of the project is scheduled to start in 2015. Upon completion, the project will increase the port’s catchment area from the current 300km to 500-800km.

The local government is said to have applied for a major upgrade of the shipping channels so that the average size of vessels plying the local section of the Yangtze will rise from the current 1,000dwt to 3,000dwt.

The city also needs to invest in a special road to allow oversize cargo to reach the port. Road tolls are currently heavy, contributing to high costs that are said to be hampering the development of Yibin port.

     
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