[photopress:_yangtze_river.jpg,full,alignright]Projects worth a total of RMB8 billion ($1.03 billion) will be offered by the inland ports along the Yangtze River to woo domestic and foreign investors at a conference next month.
The Yangtze Business Network 2007, to be held on April 12 in Shanghai, will be the first such event to lure investors to develop terminals along the so-called ‘Golden Waterway,’ which stretches 6,300 kilometers through seven provinces and the municipalities of Shanghai and Chongqing.
Zhang Tingting, China consultant for Alain Charles Publishing, the organizer of the event, said shipping giants including Maersk Line and CMA-CGM are expected to attend.
Port authorities along the river will promote the projects in cities such as Wuhan, Tongling, Jingjiang and Yibin. The conference will be followed by site tour to some ports upstream.
China plans to boost shipping along the Yangtze River as a way to develop its western hinterland. The Ministry of Communications said last year it plans to invest RMB15 billion in the next five years to dredge the waterway, revamp the trunk lines and supportive facilities along the Yangtze River.
Source: China Daily
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