China Knowledge reports that the Dalian Port Group has signed an agreement with Dalian’s Lvshunkou district government to jointly develop Yangtouwa and Double-Island Bay areas.
(Note Lvshunkou was previously known as Port Arthur and an alternative spelling is Lushunkou)
Under the new agreement, Dalian Port Group, which operates China’s largest crude oil port, will increase its investment in the planning, construction, operation of Lvshunkou district.
A new venture, named Dalian Double Island Investment and Development, will be established to expedite the construction of an integrated port project and an industrial zone nearby.
Source: Seatrade Asia Online