Qingdao Port, China's second largest foreign trade port, plans to triple its total investment to 10 billion yuan in 2011 from 3 billion yuan this year, said Chang Dechuan, president of Qingdao Port (Group) Co Ltd., China Knowledge reports.
So far this year, the port has spent around 3 billion yuan to build a dock for iron ore with a maximum capacity of 300,000 tons. Next year, it will build two 200,000-ton docks for coal and a 300,000-ton dock for crude oil.
Qingdao Port is also considering to build a 400,000-ton dock for bulk freighters next year.
The port is expected to surpass South Korea's Busan Port to be the leading port by throughput in Northeast Asia in one or two years, said Wang Baosheng, deputy director of the group's business department.
In 2010, Qingdao Port aims to have a container throughput of more than 12 million twenty-foot equivalent units or TEUs, and its total throughput may exceed 350 million tons.
The container throughput and total throughput for 2011 is expected to increase 10% and 8% year on year, respectively.
So far this year, the port has spent around 3 billion yuan to build a dock for iron ore with a maximum capacity of 300,000 tons. Next year, it will build two 200,000-ton docks for coal and a 300,000-ton dock for crude oil.
Qingdao Port is also considering to build a 400,000-ton dock for bulk freighters next year.
The port is expected to surpass South Korea's Busan Port to be the leading port by throughput in Northeast Asia in one or two years, said Wang Baosheng, deputy director of the group's business department.
In 2010, Qingdao Port aims to have a container throughput of more than 12 million twenty-foot equivalent units or TEUs, and its total throughput may exceed 350 million tons.
The container throughput and total throughput for 2011 is expected to increase 10% and 8% year on year, respectively.