[photopress:Yangshan_top.jpg,full,alignright]More logistic projects are being built for the Yangshan Bonded Port Area in the Port of Shanghai.
The construction of the logistics warehouse project of Shanghai China Shipping began in late May 2008. The project covers 13.13 hectares with a total investment of RMB180 million. It will be built into a multi-functional concentration and distribution center for containers and cargo.
[photopress:Yangshan_1_2_3.jpg,full,alignleft] Apart from CSCL, the bonded area is attracting other large logistics firms to do businesses there. Over 50 Chinese and foreign companies in logistics, processing and commerce and trade service sectors such as A.P. Moller-Maersk and CMA CGM have set up logistics supply chain in the area.
The bonded area gives investment priority to those firms whose parents are World Top 500 companies and have engaged in logistics industry for at least ten years and can invest RMB1.5 million in every mu (1mu=667 square meters) with 30% of the registered capital from its own capital.
Source: Trading Markets