
According to the Fujian provincial government the COSCO Group and the China Shipping Group will acquire stakes in the Fuzhou Jiangyin Port District and the latter will participate in the projects of berths No 1 to No 5 while the former had earlier agreements with the province of a USD 678 million commitment.
Jiangyin No 4 and No 5 berth are already under construction and are expected to operate in March 2009. The two 50,000 tonne capacity container berths are jointly constructed by the COSCO Group and the Port of Singapore Authority with a planned annual volume of 700,000 TEU.
COSCO Pacific of the COSCO Group plans to join Fuzhou Port Group to build projects like the Fuzhou Port Jiangyin Port container berths and the Kemen Port cargo distribution and transfer center.










