The Port of Rotterdam Authority and Russia's Summa Group may build a new port in China's Nangang industrial area, 150 kilometers from Beijing, Breakbulk reports.
The Dutch port authority said it would complete a study for the project this summer and then make its decision. Russian reports estimate the cost of the project at around US$2 billion. The nearest port to the industrial area, Tianjin Port, is about 25 kilometers away.
Summa, a diversified holding owned by Russian billionaire Ziyavudin Magomedov, is a private group with assets in port logistics, engineering, construction, telecommunications and the oil and gas sectors.
The Port of Rotterdam in the Netherlands is Europe's largest by volume. In 2011, the port handled 430 million tons of cargo.
The Dutch port authority said it would complete a study for the project this summer and then make its decision. Russian reports estimate the cost of the project at around US$2 billion. The nearest port to the industrial area, Tianjin Port, is about 25 kilometers away.
Summa, a diversified holding owned by Russian billionaire Ziyavudin Magomedov, is a private group with assets in port logistics, engineering, construction, telecommunications and the oil and gas sectors.
The Port of Rotterdam in the Netherlands is Europe's largest by volume. In 2011, the port handled 430 million tons of cargo.