China’s inland ports looking for investors
March 14, 2007 by SwizStick
Filed under China, Seafreight
The vast majority of containerized cargo in China moves by truck, as opposed to rail, thanks to woefully inadequate infrastructure. As China’s inland begins to open up, the challenge of moving containers to and from the coastal ports with inadequate infrastructure is a big one. We mentioned before about the possibility of developing inland ports and intermodal facilities via the Yangtze River. Now China is actively seeking investors – both domestic and foreign – to develop such inland ports to the tune of US$1.03 billion:
The Yangtze Business Network 2007, to be held on April 12 in Shanghai, will be the first such event to lure investors to develop terminals along the so-called ‘Golden Waterway,’ which stretches 6,300 kilometers through seven provinces and the municipalities of Shanghai and Chongqing.
Zhang Tingting, China consultant for Alain Charles Publishing, the organizer of the event, said shipping giants including Maersk Line and CMA-CGM are expected to attend.
It’s funny, we were just talking about logistical difficulties in China today at work and how they need to quickly develop their infrastructure if they are to improve the efficiency of moving cargo to the ports.
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Shawn in Tokyo on Thu, 15th Mar 2007 12:48 am
Hey Guys,
Keep up the good work. I am still lurking around, despite very infrequent posting on my end.
By the way, I personally visited one of the smaller city ports (Jiangyin) between Shanghai and Nanjing that is clamoring for investment. I am sure the friends I made there will be part of the event you mention.
You can go back and reference that post below:
http://asiagander.typepad.com/asia_gander/2006/05/china_trip_impr_2.html
Reading it again, I think it is still quite relevant.
Regards,
Shawn