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THE development of deep water terminals on the Yangshan Islands in Shanghai is now in full swing, as the city's government commits to constructing top-tier infrastructure and fostering economic growth, reports Hong Kong's South China Morning Post.
This initiative is part of the city's ongoing efforts to bolster confidence in its foreign trade activities.
"Construction of terminals at the northern side of Xiao Yangshan has gone into full swing," said Shanghai vice mayor Zhang Xiaohong.
"When they are complete, the waterway from the Yangtze River to the ocean can be better utilised to bolster Shanghai's status as the world's shipping hub."
Mr Zhang was discussing the significant harbour project worth CNY51.3 billion (US$7 billion), which is set to eventually handle 11.3 million TEU.
This represents nearly a quarter of Shanghai's total container throughput for the previous year.
The construction of this deep water port commenced in 2002 following China's entry into the World Trade Organisation, a pivotal moment that led to the flourishing trade originating from the Yangtze River Delta.
Last September, Shanghai International Port Group, the state-owned operator of terminals in the city, announced its plans to commence construction of the new terminals the following month.
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