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Xiamen New World Xiangyu Termianls Co., Ltd.

Sector: Water Supply and Storage • Location: China

Source: World Bank Group

Project
Active

New World Port Investment Ltd., a wholly owned subsidiary of New World Infrastructure, signed a 60-year BOT contract with Xiamen Xiangyu Group Co. Ltd. to construct and operate the container in Xiamen, Fujian Province. A joint venture company, Xiamen New World Xiangyu Terminals Co. Ltd., was created to implement the project.

NWI held 50% of the stake in the project company and the state-owned Xi

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The project “Xiamen New World Xiangyu Termianls Co., Ltd.” is an infrastructure initiative in the Water Supply and Storage sector, located in China. Taiyo aggregates data on it from World Bank Group.

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Description

Description

New World Port Investment Ltd., a wholly owned subsidiary of New World Infrastructure, signed a 60-year BOT contract with Xiamen Xiangyu Group Co. Ltd. to construct and operate the container in Xiamen, Fujian Province. A joint venture company, Xiamen New World Xiangyu Terminals Co. Ltd., was created to implement the project. NWI held 50% of the stake in the project company and the state-owned Xiamen Xiang Yu Group Co., Ltd., held the remaining. In 2005, the total investment had been increased from US$ 36.25 million (RMB 300 million) to US$ 144.98 million (RMB 1200 million). The construction commenced in December 1992 and the operation started in April 1997. The project company completed the assets amalgamation of Berth no. 12-16 in Dongdu Port District in December 2002.

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High

Data quality score

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