BIZCHINA / Investment Alerts
Port to benefit from preferential policies
(China Daily)
Updated: 2006-10-12 09:08
DALIAN: The city's planned Dayaowan Bonded Port Area will integrate all
the preferential policies granted by the central government to bonded
areas, export processing areas and bonded logistics parks, according to
one of its leading officials.
The planned bonded port in Northeast China's Liaoning Province covers an
area of 6.88 square kilometres, consisting of a container terminal, an
automobile terminal and a logistics park, said Zhang Shikun, director of
Dalian Bonded Area Administrative Committee.
Dayaowan is one of three bonded port areas being constructed in the
country. The other two are Dongjiang Bonded Port Area in Tianjin and
Yangshan Bonded Port Area in Shanghai. The State Council, China's
cabinet, approved the construction of Dayaowan Bonded Port Area in August.
Zhang said the key task now was to maximize the area's effectiveness in
terms of international trade, export processing, storage and exhibition
of bonded commodities.
At the same time the port will extend its services to land ports in the
hinterland of the region, Zhang said.
More than 70 per cent of the region's containers are currently handled at
Dayaowan Container Terminal.
Six new berths are being constructed as part of the second phase of the
construction of the bonded port. In the near future, after its
third-phase project is completed, Dayawan Port, with a 7-kilometre-long
shoreline, will become a container complex with 21 container berths, and
an annual handling capacity of 10 million twenty-foot equivalent units
(TEUs).
"As a free-trade port with Chinese characteristics, the Dayaowan Bonded
Port Area can provide strong support for building Dalian into an
international transportation hub in Northeast Asia," said Xia Deren, the
city's mayor.
In 2003 the State Council approved the construction of an international
transportation hub in the city as part of its strategy to revitalize
Northeast China.
(China Daily 10/12/2006 page10)
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