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Rizhao Harbor to Invest Ten Billion Yuan in Expansion

Rizhao Harbor located in Shandong Province will invest 10.2 billion yuan to expand into an advanced large scale deep-water harbor with 200 million tons in traffic and handling capacity by 2010. Rizhao had reached a 100 million ton handling capacity as of August 24, a 16.8 percent growth from the previous year.

Rizhao holds a strategic geographic position in the nation’s economy and transportation network. It is the largest ore importing harbor, 4th largest coal exporting harbor, and the largest in-transit harbor for concrete, grain, wood, and nickel ore.

Source: Xinhua, August 26