Hong Kong-listed PYI Corp is investing Yuan120M (US$18M) to take a 40% stake in a new feeder port in Suzhou in the Yangtze River estuary. Suzhou Industrial Park (SIP) will take the remaining 60% in the venture.
PYI deputy chairman Tom Lau said the port will be built to take advantage of the government’s programme to upgrade inland waterways linked to Ningbo and Shanghai ports.
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This complete item is approximately 250 words in length, and appeared in the September 2010 issue of WorldCargo News, on page 10. To access this issue download the PDF here.
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