Investment Updates News
- China Merchants to invest in Tianjin
Date: 15-Feb-2007 Sources: (Shenzhen Daily)
PORT operator China Merchants Holdings (International) Co. said yesterday it planned to invest in a 3 billion yuan (US$387 million) container terminal project in the northern city of Tianjin.
Its State-owned parent, China Merchants Group, recently signed a framework agreement with Tianjin Port (Group) Co. to develop port, logistic and real estate projects in the city's Dongjiang bonded zone. China Merchants Holdings will participate in the development of the container terminal, which will have four berths, worth more than 3 billion yuan, chairman Fu Yuning said.
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