DP world has announced that US$1.9bn will be invested in two Chinese port projects.
A new US$1.2bn port will be built in Tianjin by 2018 for US$1.2bn and a new US$636m ‘smart’ container terminal will be built in Quanzhou port by 2017.
DP World’s chairman Ahmed Bin Sulayem said that the 1.2m teu capacity terminal in Quanzhou will unload containers quickly and use electric power to reduce emissions.
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