SIPG splashing out $7.3bn to develop new Yangshan container terminal
Shanghai International Port Group (SIPG) has announced it is to invest up to RMB51.3bn ($7.3bn) in constructing container terminal and supporting projects at Xiaoyangshan.
The investment in the new area through its subsidiary Shanghai Shengdong International Container Terminal Company.
Located at the north side of Xiaoyangshan, the project includes seven 70,000 tonnes-class and two 150,000 tonnes-class container berths, with a design capacity to handle 11.6m teu per year.
Average annual operational days of the terminal could be around 330-334 days.
This terminal project will improve service level of Yangshan deep-water area, enhance river-to-sea combined transportation in Yangtze river delta, and promote world-class port cluster construction in the region, said SIPG.
With works starting from October 2022, the project construction is scheduled to be completed in stage within an eight year timeframe.