Hubei to Invest $26.5 Billion on Port Expansion

[Lankan Ranger]

Hubei to Invest $26.5 Billion on Port Expansion

Authorities in Central China's Hubei province announced Sunday they will invest more than 180 billion yuan ($27 billion) to expand throughput capacity of Wuhan New Port on the Yangtze River between 2011 and 2020.

The move comes as Hubei seeks to explore the shipping potential of the Yangtze to make the port, which covers the cities of Wuhan, Huanggang and Ezhou, the shipping center for the middle reaches of the country's longest river.

Although the provincial government gave no exact figure for the full 10-year project, it said the investment between 2011 and 2015 would amount to 176.6 billion yuan.

The investment will help expand annual cargo throughput to 200 million tons and container throughput to 2 million twenty-foot equivalent units (TEUs) in 2015 from the current 100 million tons and 650,000 TEUs, it said.

The annual throughput is expected to increase to 240 million tons and 5 million TEUs in 2020.

Hubei to invest $26.5 billion on port expansion

 

[dataminer123]

Hubei to Invest $26.5 Billion on Port Expansion

Authorities in Central China's Hubei province announced Sunday they will invest more than 180 billion yuan ($27 billion) to expand throughput capacity of Wuhan New Port on the Yangtze River between 2011 and 2020.

The move comes as Hubei seeks to explore the shipping potential of the Yangtze to make the port, which covers the cities of Wuhan, Huanggang and Ezhou, the shipping center for the middle reaches of the country's longest river.

Although the provincial government gave no exact figure for the full 10-year project, it said the investment between 2011 and 2015 would amount to 176.6 billion yuan.

The investment will help expand annual cargo throughput to 200 million tons and container throughput to 2 million twenty-foot equivalent units (TEUs) in 2015 from the current 100 million tons and 650,000 TEUs, it said.

The annual throughput is expected to increase to 240 million tons and 5 million TEUs in 2020.

Hubei to invest $26.5 billion on port expansion

Seems the journalist reporting this doesn't have common sense of cost. Yangshan deep SEA water port which is capable of handling 15 million TEU when completed only costs $12 b, it is ridiculous that a river port 1/3 of that capacity could cost $26.5 b, unless a whole new city will be built around it

 

[ao333]

Seems the journalist reporting this doesn't have common sense of cost. Yangshan deep SEA water port which is capable of handling 15 million TEU when completed only costs $12 b, it is ridiculous that a river port 1/3 of that capacity could cost $26.5 b, unless a whole new city will be built around it

It's over 10 years; I wouldn't be surprised if they included the maintenance cost. And I think the value of the Yuan will half by the end of the decade, given the money supply in China.

 

[dataminer123]

It's over 10 years; I wouldn't be surprised if they included the maintenance cost. And I think the value of the Yuan will half by the end of the decade, given the money supply in China.

Yangshan's $12 b over 20 years (2005-2025)

 

[ao333]

Yangshan's $12 b over 20 years (2005-2025)

Maybe Yangshan is not gov-favored...?

 

[dataminer123]

Maybe Yangshan is not gov-favored...?

Yangshan is the major deep water terminal of the world busiest port.

The second longest ocean bridge was built just for Yangshan.

it has to be government's favor