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28 September 2020 The on-line newspaper devoted to the world of transports 03:32 GMT+2

March 8, 2005

Chinese ports look for private piers

BEIJING - The sky is the limit for Yong Xin Harbor Co Ltd, a Ningbo-based private company engaged in a multi-purpose pier project in the harbor city. "We are busy building up the necessary facilities and once that's done, we may need over 200 million yuan [US$24.2 million] to expand our business," said a manager at the firm.
Companies such as Yong Xin remain in the minority since the threshold for investing in port facilities is extremely high and much patience and time is required to get a return ......
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