July 9th, Dalian Port Group and the Government of Lvshunkou District signed a cooperation agreement to work together on building Lvshun Yangtouwa Port and develop the Shuangdao Gulf.

Subsequent to the cooperation framework agreement signed in 2008, two parties now have reached detailed agreement based on careful negotiations and discussions.

Based on the agreement, the investment of RMB 3 billion will make a joint venture ?Dalian Shuangdao Gulf Investment and Development Co., Ltd. ?established based on the Berth No. 1 to No. 5 in Lvshun New Port, another 13 new berths. In the Plan of New Urban Area in Western Lvshun, the new joint venture is supposed to undertake construction projects of 60 to 80 new berths in Shuangdao Gulf, together with the development of more than 20 km2 of hinterland resources. In addition, by integrating port resources in between, the two parties are going to promote passenger and Ro-Ro transport in Yangtouwa Port.

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July 13th, Sun Hong, General Manager of Dalian Port Group, and Hu Pingxian, Director General of the Waterborne Transportation Institute of the Ministry of Transport, each party signed on the Strategic Cooperation Agreement.

The two parties will establish long-term comprehensive cooperation, emphasizing policy research towards establishing Dalian as an international shipping centre as well as the Liaoning coastal economic zone, Dalian Port's strategies and development, policy application in bonded ports, port-side industry layout and so on.

Source: snet.com.cn