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Kaohsiung invests to compete with China
01 Mar 2007
Competition from China and other Asian countries has prompted the port of Kaohsiung to announce a $1.5bn investment programme, which aims to increase traffic and upgrade infrastructure over the next eight years. In February, a tender was due to be issued for a four-berth build-operate transfer terminal project worth $364m.
Previous attempts to attract investors in this 2m teu capacity project resulted in just a single bidder, Yang Ming, which wanted to extend the period for building the terminal from seven to 15 years, which was unacceptable to Taiwan’s authorities. In 2006, the port handled 9.77m teu, an increase of 3.2%, although this still resulted in Kaohsiung slipping from being the world's third busiest port to the sixth busiest.
