Eastern China's Yiwu city in Zhejiang province has started building a new and larger container logistics facility for foreign trade, Xinhua reported.
The facility will have a total land area of 112 hectares according to plan. The CNY1.1 billion (US$151 million) first phase covers 41 hectares. After the first phase construction, the facility will handle 509,000 TEU a year and will offer logistics and customs clearing services. With completion of the second phase, the facility will have an annual export volume of 1 million TEU.
Yiwu's thriving foreign trade in the recent years has stimulated the development of local logistics industry. The Yiwu International Logistics Centre has reached its capacity limit.
The facility will have a total land area of 112 hectares according to plan. The CNY1.1 billion (US$151 million) first phase covers 41 hectares. After the first phase construction, the facility will handle 509,000 TEU a year and will offer logistics and customs clearing services. With completion of the second phase, the facility will have an annual export volume of 1 million TEU.
Yiwu's thriving foreign trade in the recent years has stimulated the development of local logistics industry. The Yiwu International Logistics Centre has reached its capacity limit.