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Qingdao's Qianwan to become China's largest container dock
   CCTV.COM   2003-07-22 15:07:15   
    China's Qingdao port has signed a contract with three world shipping giants. With a joint investment of nearly 900 million US dollars, Qingdao's Qianwan container dock will become the largest of its kind in China.

    Chinese Premier Wen Jiabao and visiting British Prime Minister Tony Blair attended the signing ceremony to set up the Qingdao Qianwan Container Terminal Corporation Limited at the Great Hall of the People after their talks Monday.

    Signing the contracts were representatives of British port operator P&O, Denmark's A.P. Moller Maersk Group, the China Ocean Shipping Group Company and the Qingdao Port Group Co., Ltd. These organizations will contribute varying percentages for the construction of the Qianwan dock.

    The dock is located at the Qingdao port near the Yellow Sea in northern China. The jointly-run container dock will have ten deep water berths for container vessels along the more than 3,000 meters long coastline, with a stockyard of some 2 million square meters.

    When the construction of the dock is completed, it will have the ability to receive huge container vessels carrying 10,000 TEUs. Its annual handling capacity will exceed 6.5 million TEUs.

    Prior to this project, the Qingdao port and P&O had jointly invested about 177 million US dollars for the Qianwan dock. The dock project is also the three foreign corporation's largest investment in Asia.


Editor: Xiao Wei  CCTV.com


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