Projects worth 10 billion yuan under construction in Ningbo
The project for the construction of a 70,000-ton professional container berth commences on Feb 24 in the Chuanshan Port Area of the Ningbo-Zhoushan Port in Ningbo, East China's Zhejiang province. [Photo/zj.zjol.com]
Ningbo in East China's Zhejiang province has been working on three wharf engineering projects worth nearly 10 billion yuan ($1.49 billion) since the beginning of this year, local media reported.
Two of them are located in the Chuanshan Port Area of the Ningbo-Zhoushan Port in Ningbo, with one, worth 530 million yuan, expected to build a 70,000-metric-ton professional container berth that will have the capacity of handling 620,000 twenty-foot-equivalent units (TEUs) annually, and the other, worth 1.6 billion yuan, to build a 300,000-ton discharging berth as well as a 50,000-ton and a 35,000-ton loading berth.
The former berth, together with the existing 10 container berths, will play a positive role in strengthening the container throughput of the Ningbo-Zhoushan Port and driving the port's development towards an internationally leading position, thus enhancing its involvement in the Belt and Road Initiative, according to port authorities.
Another project, worth 7.8 billion yuan, is located in the Meishan Port Area of the Ningbo-Zhoushan Port in Ningbo, and is expected to build a container wharf with a capacity of handling 4.3 million TEUs every year, the highest-level among all the container ports under construction in China.
In addition to water transport projects, highway projects are also in full swing in the city.
Statistics from the city's transportation department show that Ningbo realized an actual investment of 4.73 billion yuan in its comprehensive transportation construction (rail transport included) in January, up 19 percent year on year, consuming 14.3 percent of the city's annual target in this respect.