Beibu Gulf Port (000582.SZ) issued an announcement to meet the needs of terminal companies and the future transfer connections after the opening of the plain land canal.
According to the Zhitong Finance APP, Beibu Gulf Port (000582.SZ) announced to meet the business needs of terminal companies and the future transfer operations after the opening of the plain land canal. The company's wholly-owned subsidiary, Beibu Gulf Port Fangchenggang Terminal Co., Ltd. (hereinafter referred to as "Fangchenggang Terminal"), plans to construct 6 cargo berths with a capacity of 0.01 million tons in the fourth operational area of the Fangcheng Port Yuquan Port area, with a designed annual throughput of 19 million tons and a total investment of 1.892 billion yuan.
Upon completion of this project, it will be beneficial to improve berth levels, enhance terminal operational efficiency, effectively relieve pressure on transportation at Fangchenggang Terminal, and enhance the company's comprehensive service capabilities.