[photopress:guanxi_xian.jpg,full,alignright]The Guangxi Zhuang Autonomous Region is fast becoming the gateway to Southwest China. And the opening of Guangxi Beibu Gulf Development Investment and Guangxi Beibu Gulf International Harbor Affairs Group in Nanning is a big boost for the region.
Both companies are funded by the Guangxi government and are an important step forward in the economic integration of the coastal cities of Nanning, the region’s capital, Beihai, Qinzhou, Fangchenggang, Chongzuo and Yulin.
Guangxi Zhuang Autonomous Region Vice-Chairman Guo Shengkun, said, ‘The integrated development of the zone requires improved infrastructure and a brand new logistics system to get the best out of Beibu Gulf harbors’ advantages.’
The IHAGC will integrate the property rights of the State assets of Fangchenggang Harbor Affairs Group, Qinzhou Port, Beihai Harbor and Guangxi Coastal Railway and be responsible for construction, operation and management of the zone’s three ports and railways.
IHAGC President Ye Shixiang said, ‘With all the advantages, the ECZ has every reason to see a faster development of harbor-related industries and become the biggest gateway to Southwest China.’
Official data shows that since 2004, more than RMB10 billion (US$1.28 billion) has been budgeted for the construction of railways, ports, roads, and power and and water supply facilities in the zone, with half of it coming from governments in Guangxi.
Source: China View