PSA invests in Qinzhou container terminal
PSA International is joining forces with Beibu Gulf Port Group (BPG) and Pacific International Lines (PIL) to operate a new container terminal in Qinzhou City, marking its first venture in the South-Western China region.
The joint venture will operate and manage a total quay length of 1,533m, a designed capacity of three million teu per annum, and develop the BEIBU GULF-PSA International Container Terminal Co., Ltd (BPCT) into a world-class facility to service the mega container vessels plying the world’s maritime trade routes today. It will also be equipped with Super-Post Panamax quay cranes (of 23-row outreach) and provide a water-depth of 15.1m.
“Guangxi-Beibu Gulf’s strategic location, established transport infrastructure and extensive hinterland offer tremendous potential for our terminal to support the remarkable growth in China’s South-Western region,” said Tan Chong Meng, Group CEO, PSA.
Accessible to Southeast Asia by land and sea, the region has been earmarked by the Chinese government as a key area for coastal development and collaboration with ASEAN countries. The terminal will support the container trade growth in the region and serve the vast hinterlands of Guangxi, Sichuan, Chongqing and Hunan.
It will also connect the region to key shipping routes linking China to ASEAN countries, East Africa & the Mediterranean, and forms an important gateway connecting the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. This investment also marks the first strategic partnership of PSA with BPG and PIL in China.
“Tapping on the mutual expertise of all parties, the collaboration between PSA, BPG and PIL will help to spur economic growth in the region,” added Zhou Xiao Xi, chairman, BPG.
Operations are expected to being in Q4 2015.
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