[photopress:rail_terminal.jpg,full,alignright]Start off with the basic idea that 18 large rail container centers are to be built in China.
Then see how it was put together.
NWS Holdings brings three strategic shareholders — Adriatic Ocean Shipping, Zim Integrated Shipping Services and Deutsche Bahn — into its joint venture which is China United International Rail Containers. This is to develop and manage 18 large-scale pivotal rail container terminals in 18 major cities in mainland China.
The three new partners each hold an 8 percent stake in the joint venture, while China Railway Container Transport Corp, a subsidiary of the Ministry of Railways, reduces its interest in the venture to 34 percent from 58 percent. NWS Holdings continues to hold 22 percent. Other shareholders include China International Marine Containers and Promisky Investment each of which has 10 percent.
Executive director Tsang Yam Pui in a statement, said, ‘The new partners possess professional knowledge in rail transportation, shipping, intermodal transportation and logistics businesses, which match the joint venture’s scope of business.’
The joint venture is for 50 years and the enterprise will develop and manage those 18 rail container terminals and related businesses. All part of China’s massive rail expansion and modernization.
Source: Logistics Management
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