The government plans to invest RMB 100 billion ($15.7 billion) in over 60 shipping and port related projects to reach an annual cargo throughput of 550 million tons and a container throughput of 20 million TEUs by the end of 2017.
The Guangzhou government unveiled its international shipping center development plan for 2015-2017, in which it will invest RMB 100 billion ($15.7 billion) in over 60 shipping and port related projects, maritime publication Splash 24/7 said.
The government designed the plan in order to reach its goal of having an annual cargo throughput of 550 million tons and a container throughput of 20 million TEUs by the end of 2017.
The city of Guangzhou plans to add 20 new international shipping routes. In addition, the city plans to add three more rail container connections linking Yunan, Hunan, Jiangxi, Guizhou, Guangxi and Sichuan.
The city of Guangzhou will also accelerate the development of Nansha International Automobile Logistics Park in order for the Port of Guangzhou to become a major automobile logistics hub.
Situated in southern China in the center of the Pearl River Delta, the Port of Guangzhou offers a 400-kilometer coastline and a 173-kilometer navigational channel.
Guangzhou government invests in shipping, port related projects
