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¡¡¡¡East China's Shandong Province will invest 53 billion yuan (US$6.44
billion) for port construction in the next five years.
¡¡¡¡To develop Shandong into a major navigation center in northeast Asia, the
provincial government will use the money to build 159 berths, increase the
annu
al handling capacity by 400 million tons, according to the government
sources.
¡¡¡¡By 2010, Qingdao Port, Rizhao Port and Yantai Port will stand there as 100
million-dwt ports, and four transport systems will also be set up for large
containers, ores, coal and crude oil respectively.
¡¡¡¡The combined handling capacity of the province's ports will reach 620
million tons annually, and the number of TEU (Twenty-foot equivalent
unit)containers handled by local ports will total 13.5 million. Both the figure
will double that for last year.
¡¡¡¡Meanwhile, to achieve the target for 2010, a developed transport network of
highways, railways and airways will be established, linking all the ports along
Shandong's coast, as well as connecting Shandong with other provinces like
Hebei, Inner Mongolia, and Shanxi, which abound in natural resources.
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