MTL investing in Dachan Bay

The contract for consultancy was awarded to Singapore’s Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL).

Hong Kong’s MTL is to invest US$867m in developing the second phase of the Dachan Bay container terminal in Shenzhen which will consist of the construction of four deepsea berths. Work on this new development, which will double capacity to 5m TEUs, will commence in 2007 once the initial construction phase has been completed. MTL has a 65% stake in the port with the remainder held by the Shenzhen Dachan Bay Port Investment and Development company which is owned by the municipal government.