HONG KONG's China Merchants Group together with Cosco Group, IMC Group and Qingdao Port have held a joint venture signing ceremony in Hong Kong, Xinhua reported.
According to the deal, all parties will set up a joint venture to further strengthen strategic cooperation in Dongjiakou Port of Qingdao. The agreement calls for all parties to be jointly responsible for operational management of the ore terminals and ancillary facilities. Each party will send representatives to form a joint working group to promote concrete cooperation.
The ore terminals of Dongjiakou Port were approved by the National Development and Reform Commission in May. The project will cover an area of 1.2 million square metres, with four-square kilometres reserved for development.
There will be two berths, one with a 300,000-tonne capacity berth designed for an annual throughput of 16 million tonnes over a 510-metre quay as well as a 200,000-tonne berth with an annual capacity of 13 million tonnes over a 372-metre quay.
According to the deal, all parties will set up a joint venture to further strengthen strategic cooperation in Dongjiakou Port of Qingdao. The agreement calls for all parties to be jointly responsible for operational management of the ore terminals and ancillary facilities. Each party will send representatives to form a joint working group to promote concrete cooperation.
The ore terminals of Dongjiakou Port were approved by the National Development and Reform Commission in May. The project will cover an area of 1.2 million square metres, with four-square kilometres reserved for development.
There will be two berths, one with a 300,000-tonne capacity berth designed for an annual throughput of 16 million tonnes over a 510-metre quay as well as a 200,000-tonne berth with an annual capacity of 13 million tonnes over a 372-metre quay.