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Xiamen Songyu Container Terminal

Sector: Seaport • Location: China

Source: World Bank Group

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In September 2004, Danish port operator APM Terminals, a wholly-owned unit of AP Moller-Maersk, entered into a 50 year agreement with state-owned Xiamen Port Group to deveolp the Xiamen Songyu Container Terminal on China's east coast. Construction began immediately on 70 hectares of land to build three berths on 1.24 km of quayside with depths of 17 meters by December, 2006. APM Terminals commit

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The project “Xiamen Songyu Container Terminal” 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

In September 2004, Danish port operator APM Terminals, a wholly-owned unit of AP Moller-Maersk, entered into a 50 year agreement with state-owned Xiamen Port Group to deveolp the Xiamen Songyu Container Terminal on China's east coast. Construction began immediately on 70 hectares of land to build three berths on 1.24 km of quayside with depths of 17 meters by December, 2006. APM Terminals committed to invest 1.5 billion of the estimated 3.016 billion yuan total cost in the 50-50 joint venture. Xiamen port was the mainland’s sixth largest container port and handled approximately 20 million tonnes of cargo, including 1.4 million teu from January to June of 2004. The port had planned to invest a total of Yuan 10 billion to 14 billion over 2004-2010. Need Financials. No close in '04. E-mail contact at APM: CENAPMTPRJ@apmterminals.com None

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