China: Guangdong government invests US$2.7 billion in improving 14 ports

8 April 2008

Guangzhou, China, 8 April – The government of the Chinese province of Guangdong has announced it plans to invest 19 billion yuan (US$2.7 billion) in improving conditions at 14 ports, daily newspaper China Daily reported.

The paper said that the plan to improve the ports of Guangzhou, Shenzhen, Zhanjiang, Zhuhai, Shantou Chaozhou, Jieyang, Shanwei, Huizhou , Humen, Zhongshan, Jiangmen,Yangjiang and Maoming was approved last week in Guangzhou during a meeting with governor Huang Huahua.

The plan also includes an investment of 12 bilion yuan (US$1.7 billion) for the port development of the Pearl River Delta region.

The ports located in the east of Guangdong will increase their capacity to 55.6 million tons/year by 2010 and other ports in the west to 11.4 million tons per year.

The plan includes developing the port of Zhuhai as a fuel base for the region whilst the port of Zhiangjiang will be used for minerals and crude oil.

After improvements have been made, Zhanjiang will be the biggest port in the whole of southern China.

Guangdong province has a coastal area of 3,368 kilometres and 998 navigable rivers with a total of 14,213 kilometres.

Guangdong has 109 ports that in 2007 dealt with 834.4 million tonnes of cargo, which was a year on year increase of 13.1 percent.

China Daily reported that the Guangdong government’s measures aimed to prevent Guangdong from losing competitiveness in relation to the Yangtze River Delta, Taiwan, South Korea and Japan and other countries in Southeast Asia. (macauhub)