[photopress:logistics_chongqing_container_1.jpg,full,alignright]Chongqing Gangjiu, an inland river shipping company, will inject $12.2 million into its subsidiary which is Chongqing International Container. This additional investment will boost the registered capital of the container terminal company to $52.1 million.
The container terminal company, which is on the north bank of the Yangtze River in Chongqing, was constructed in two phases:
The first phase covering 57 hectares was put into operation at the end of 2005. It covered 950 m of riverbank, had two 3,000-tonnage container berths and one roll-on/roll-off berth. Its annual capacity is 280,000 containers (TEU) and 150,000 cars.
The second phase, with a total investment of $163 million, started in September.
This will have three 3,000-tonnage container berths and one roll-on/roll-off berth. When it is finished in 2011 it will boost the company’s total capacity to 700,000 TEUs and 300,000 cars.
Source: CargoNews Asia