SHANGHAI PORT REST.

closed

The project objectives are to assist the Shanghai Port Authority in: (a) rationalizing the long-term development of the port by gradually shifting operations away from the city center and by promoting terminal specialization, (b) providing needed additional capacity in an optimal, environmentally sound way, and (c) increasing efficiency by introducing modern methods of operational and financial management. The project will consist of: (1) formulation and implementation of an action plan for restructuring the existing port facilities on the Huangpu river to rationalize their use and move cargo operations away from the city center, (2) provision of new and replacement cargo handling equipment for existing terminals, (3) measures to improve the Port Authority's financial condition through tariff restructuring and other measures, (4) construction of new terminals at Waigaoqiao and Luojing on the Yangtze river, and installation of the necessary cargo handling equipment, and (5) technical assistance and training.