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Fuzhou Xingtong Port Berth 3

Sector: Seaport • Location: China

Source: World Bank Group

Project
Active

The construction of the Fuzhou Xingtong Port Berth 3 commenced in June 2005 in Fuzhou City, Fujian Province. The 50 year agreement was granted to a consortium of local private companies Fujian Jingwei Group, Fujian Xinhai Metallurgic Group, and Fujian Changlong Textile Co., Ltd. through competitive bidding. The companies jointly own 100% of the port project with a capacity of 600,000 tons per year

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The project “Fuzhou Xingtong Port Berth 3” is an infrastructure initiative in the Seaport sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The construction of the Fuzhou Xingtong Port Berth 3 commenced in June 2005 in Fuzhou City, Fujian Province. The 50 year agreement was granted to a consortium of local private companies Fujian Jingwei Group, Fujian Xinhai Metallurgic Group, and Fujian Changlong Textile Co., Ltd. through competitive bidding. The companies jointly own 100% of the port project with a capacity of 600,000 tons per year. The total investment was RMB 166 million (US$ 20.08 million). A project company, Fujian Xintong Port Co., Ltd., was established to operate the port. The project came into operation in June 2007. The exact financial closing date cannot be identified. Construction commencement date is used instead.

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Source reliability

High

Data quality score

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URL

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