TAIWAN'S Evergreen Group has entered a deal with Chongqing's largest private multi-industry investors Minsheng Group on spending CNY100 billion (US$15.6 billion) on building two logistics bases in the city's Liangjiang New Area, Xinhua reports.
The two mega logistics facilities will be respectively in the Longxing Industrial Park and the Yufu Industrial Park, including a road transportation base, a supply chain financial centre, a warehousing centre with a two-storey stereoscopic warehouse, a truck transshipping station, and a container freight transshipping station which is next to the Guoyuan port area.
After completion, 50 per cent of the two facilities' logistics business will be brought by the large industry clusters in the Liangjiang area valued at CNY1.5 trillion. The other 50 per cent will be brought by transshipments from the neighbouring regions in central and western China.
An unidentified senior executive from Evergreen said the act is just a beginning of its plan to break into the Chongqing market and will expand its business in the area and develop Chongqing into its logistics hub in the upper reaches of the Yangtze.
Chongqing's fast growing transport facilities are bringing business opportunities for logistics operators, said the report. Located in the Liangjiang New Area, where the Guoyuan port area is soon to be completed with a two million TEU capacity, the newly founded Cuntan Bonded Port Area is coming on a fast track of development. The largest airport in hinterland China, the Chongqing Jiangbei International Airport is to have a cargo capacity of 2.5 million tonnes per year. In addition, the rail line connecting Chongqing via Xinjiang to Europe has also been opened.