COSCO Shipping Ports have signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau.
According to the contract the company plans to develop phase I of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company Limited, in order to develop port supply chain platform and a high-end warehousing business, as well as extend the upstream and downstream industries.
Phase I of the project covers a construction area of about 254,000 m2 and consists of warehousing, comprehensive service areas and supporting facilities. Relying on the resource advantages of COSCO Shipping Group in shipping, ports, trade, logistics and finance, the Company will build a high-standard port supply chain base integrating logistics, warehousing and business support services.
