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Ningbo in talks to expand Zhoushan facilities.
(From Lloyds List)
NINGBO Port Group is planning a Yuan10bn ($1.23bn) expansion of its newly combined port facilities at Zhoushan in Zhejiang province, writes Keith Wallis in Hong Kong.
The state-owned firm's vice president, Wang Xinnia, said talks are already taking place with China Shipping Group, Cosco Pacific and Orient Overseas (International) about financing the scheme.
This would include possible terminal development rights or an equity stake.
He said a list of possible foreign investors would finalised in the next two years.
Mr Wang said Ningbo Port Group would partner with Zhoushan Port Authority to develop the 12-berth facility, the ...
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