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|  | | ¡¡¡¡DP World invests in two Wenzhou terminals |
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¡¡¡¡DP World will invest CNY1.2 billion (US$162.48 million) in building two 50,000-tonne multi-use terminals in the first phase of Yueqing Bay Port Area in Wenzhou, Zhejiang province. Work on the project is expected to be started at the end of 2008 or early 2009.
¡¡¡¡The first phase of Yueqing Bay Port Area project, with an area of 60.8 square kilometres, will involve the building of 43 berths with a capacity of 82 million tons, including 18 berths with each having a annual capacity of more than 50,000 tons.
¡¡¡¡The port area will have a deep-water capability, integrating transport, harbour industries, logistics, shipbuilding and recreation.
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