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    China Business
     Dec 13, 2005
Tianjin to invest in two port projects

TIANJIN - Tianjin Municipality in north China will invest 3 billion yuan (US$371.4 million) in building two projects at Tianjin Port - a 300,000 ton crude oil berth project and a 250,000 ton navigation channel project, according to the municipal development and reform commission.

The crude oil berth project, which involves an investment of 1 billion yuan, will be jointly funded and built by Tianjin Port (Group) Co Ltd and China Petroleum and Chemical Corp (Sinopec). With



a coastline length of 440 meters, the project will have a designed handling capacity of 20 million tons of crude oil annually.

Industry insiders expect the building of the projected crude oil berth to further improve the layout of oil berths in the Circum-Bohai-Sea region. The navigation channel project involves a total investment of 2 billion yuan. The project will extend for a length of 37 kilometers, including the 30 kilometer one-way section for 250,000 ton oil tankers and the seven kilometer one-way section for 200,000 ton bulk cargo vessels. Construction of the channel aims to meet the two-way navigable demand for 100,000 ton container vessels.

(Asia Pulse/XIC)

 

 
 



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