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2016 October 12   17:36

PSA invests in China’s largest inland railway container terminal network

PSA  International has  invested  in  China  United  International  Rail  Containers   Co.,  Limited,  a  Sino-Foreign  joint  venture  with  a   mandate  from  the   government  of  the  People’s   Republic  of  China  to  develop  and  operate  18  railway   container terminals within the country.  

The  investment  makes  PSA  the  only  global   terminal  operator  with  shareholding  in   CUIRC currently, and is carried out through  the acquisition of Hong Kong-based Luck  Glory International Limited, which owns 15.33% stake in CUIRC.  

The  inland  railway  container  terminals  are   strategically  located  at  regional  economic   centres  across  the  country  to  form  the  core  of  China’s  intermodal  transportation   network.  There  are  currently  10  terminals   in  operation  –  in  Kunming,  Chongqing,   Chengdu, Zhengzhou, Wuhan, Xi'an,  Dalian, Qingdao, Ningbo and Tianjin. 

The  deal  also  marks  the  PSA  Group’s  first  foray into  China’s  railway  container   terminal  facilities  and  extends  its  network in  China  beyond  its  11 coastal container terminals in Dalian, Fuzhou, Guangzhou, Tianjin, Dongguan, Lianyungang and Guangxi Beibuwan (Qinzhou).  

Today, China’s railway container sector only  carries about 2% to 3% of the country’s  seaport container volumes, compared to other markets such as Europe and the USA  where  the  rail  sector  takes  up  15%  to  40%   of  container  volumes.  The  potential  for   further  growth  of  China’s  railway  contai ner  sector  is  support ed  by  China’s  ongoing   2 of 2  initiatives  –  such  as  the  ‘One  Belt  One  Road’  and  ‘Western   Region  Development   Program’ – and progressive railway reforms.  

CUIRC was established in 2007  and is headquartered in Beijin g. Set up under China’s  former  Ministry  of  Railways  (MOR),  it  be came  part  of  China  Railway  Corporation   (CRC) in March 2013 after the MOR was dissolved and CRC took over  the role of the  National  Railway  Operator.  Besides  PSA,  ot her  joint  venture  partners  include  China   Railway  Container  Transport  Co rp.  Ltd,  NWS  Holdings  Limited,  China  International   Marine Containers (Group) Ltd, and  Deutsche Bahn Mobility Logistics AG. 

About PSA International

As  one  of  the  leading  global  port  groups,  P SA  participates  in  around  40  terminals  in 16  countries  across  Asia,  Europe  and  the  Americas with flagship operations in PSA Singapore Terminals  and  PSA  Antwerp.  

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