The Chairman of Tianjin Port (Group) Co Ltd., Yu Rumin, told audiences at a Davos Forum in Tianjin that Tianjin port in northeastern China is planning a $1.95 billion expansion.
"The [Tianjin] port should be built into one like Rotterdam or Antwerp, with a port hinterland, a large stock of goods for transportation, plenty of ships passing through it and a great many shipping enterprises registered there," he said in remarks quoted by the Chinese newspaper China daily.
In his speech, Yu said the Tianjin government, which has already crafted a blueprint to develop the Tianjin Binhai New Area into an international shipping hub, is committed to the expansion.
"We will construct a logistics network which could cover all the hinterlands, and, to that effect, we have built 16 dry ports," Yu said.
"In addition, our real estate projects are different from those of other companies. They will focus on providing support for port-related industries such as logistics and manufacturing."
According to Yu, Tianjin port will achieve 400 million metric tonnes of total cargo throughput, "so long as the overall economic situation does not worsen too much in the remainder of this year."
Tianjin port is believed to be the third largest port in China and the world's fifth largest.
"The [Tianjin] port should be built into one like Rotterdam or Antwerp, with a port hinterland, a large stock of goods for transportation, plenty of ships passing through it and a great many shipping enterprises registered there," he said in remarks quoted by the Chinese newspaper China daily.
In his speech, Yu said the Tianjin government, which has already crafted a blueprint to develop the Tianjin Binhai New Area into an international shipping hub, is committed to the expansion.
"We will construct a logistics network which could cover all the hinterlands, and, to that effect, we have built 16 dry ports," Yu said.
"In addition, our real estate projects are different from those of other companies. They will focus on providing support for port-related industries such as logistics and manufacturing."
According to Yu, Tianjin port will achieve 400 million metric tonnes of total cargo throughput, "so long as the overall economic situation does not worsen too much in the remainder of this year."
Tianjin port is believed to be the third largest port in China and the world's fifth largest.