Shulanghu ore transit terminal, co-constructed by Ningbo and Zhoushan ports, is expected to be launched for a trial run in September.
The terminal is designed to handle 400,000 dwt bulk carriers, and is poised to become a key transport hub in the Yangtze River Delta.
Currently, the first phase of the project, which include a 400,000-tonne loading berth, a 100,000-tonne uploading berth, and two approach bridges have almost been completed, according to the Zhejiang Province transport department. Meanwhile, the supporting projects such as dredging and anti-corrosion will be finished by the end of June.
The terminal, with a total investment of CNY4.9 billion (USD789 million), started construction on 8 December 2009. The project includes plans to build two 400,000-tonne ore loading berths, one 100,000-tonne uploading berth, two 50,000-tonne berths, one working berth, as well as an ore depot and supporting facilities.
Related news:China’s bulk cargo imports down
As of 2014, more than CNY3 billion has been invested in the project, said the transport department.
The second phase of the project was launched in March 2015, and includes plans to build three berths with the capacities of 400,000 tonnes, 100,000 tonnes, and 50,000 tonnes respectively; this is expected to cost CNY10 billion.
Zhoushan port will hold a 51% stake in the terminal, Ningbo port will hold 47% while the local state-owned assets investment company will hold the remaining 2%.