Chinese delegation eyes Brunei port project
A Chinese business delegation has expressed interest in Brunei's shipping industry and the potential of its proposed Pulau Muara Besar deep-water port project.
Deputy Director General at Yunnan province's Department of Commerce Yu Dingcheng said Brunei had the potential to develop a thriving shipping industry.
His comments came after the recent announcement by Brunei's government that it was seeking a port consortium for its $2.3 billion Pulau Muara Besar (PMB) deep-water port project.
According to a government commissioned Oxford Business Group (OBG) report, the consortium will probably include a major shipping line and a global port operator.
Yu will be leading a delegation from China to look at investment opportunities in Brunei and industry sources say that the PMB project will be the highlight of the delegation's investigations.
Officials expect the port to handle 1.2 million twenty-foot equivalent units (TEUs) before 2010 and be among the top 50 ports in the world.
Brunei Economic Development Board (BEDB) chairman Dato Paduka Timothy Ong has said that “for Pulau Muara Besar to be economically viable, there is a need to develop export industries on the island and we need a good port operator.”
Deputy Director General at Yunnan province's Department of Commerce Yu Dingcheng said Brunei had the potential to develop a thriving shipping industry.
His comments came after the recent announcement by Brunei's government that it was seeking a port consortium for its $2.3 billion Pulau Muara Besar (PMB) deep-water port project.
According to a government commissioned Oxford Business Group (OBG) report, the consortium will probably include a major shipping line and a global port operator.
Yu will be leading a delegation from China to look at investment opportunities in Brunei and industry sources say that the PMB project will be the highlight of the delegation's investigations.
Officials expect the port to handle 1.2 million twenty-foot equivalent units (TEUs) before 2010 and be among the top 50 ports in the world.
Brunei Economic Development Board (BEDB) chairman Dato Paduka Timothy Ong has said that “for Pulau Muara Besar to be economically viable, there is a need to develop export industries on the island and we need a good port operator.”