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Article: China : CMA CGM Group invests in Tianjin.
- Article from:
- TendersInfo
- Article date:
- August 25, 2008
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Byline: deepak03
It is reported that CMA CGM Group will sign a 50 year concession agreement to build and operate a container terminal in the Port of Tianjin in North China.
The French line said in a statement that the new terminal, which is expected to become operational in 2011 and will feature a 1,100 meter quay and an annual capacity of 1.7 million TEUs. It said the terminal located 150 kilometer from Beijing in the Binhai industrial zone, Tianjin is the natural maritime link to the Chinese capital.
The terminal will be operated as a joint venture between CMA CGM, Tianjin Port Holding Co, a Tianjin Port Group subsidiary listed on the ...