Hebei province spends over US$2.9 billion on port construction

INVESTMENT in ports fixed assets in northern Hebei province reached CNY18.16 billion (US$2.9 billion), taking up 113.5 per cent of the annual plan as of the end of November, reports Xinhua.

Tangshan Port received CNY12.06 billion in investment while Huanghua Port received CNY5.56 billion, and Qinhuangdao Port, CNY540 million.

Tangshan Port has completed key projects in building the Shougang Terminal phase 1 in the Jingtang port area, The Ore Terminal phase 3 project and Coal Wharf remains under construction in Caofeidian port area.

Meanwhile, Hebei has completed Tangshan port's 200,000-tonne navigational channel in Jingtang port area, its multi-functional berth project, and the general bulk cargo berth phase 2 project as well as the LNG terminal project and liquid chemical terminal facility in Caofeidian port area. It has also completed the 50,000-tonne navigational channel and 200,000-tonne navigational channel jetty extension in Huanghua comprehensive port area.

According to the projects progress, the full-year investment in the ports is expected to hit CNY19 billion.