$1.33 billion USD deal for Rudong, Nantong

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$1.33 billion USD deal for Rudong, Nantong

Postby Millch » Thu Oct 11, 2007 2:28 am

Singapore RGM International has signed an agreement with the local government to launch a 9 billion Yuan ($1.33 billion USD) dissolved pulp and viscose rayon project at Rudong Yangkou Port, Rudong County, Nantong City.

The solely funded project, signed at the first coastal economic cooperation fair held in Rudong (under the jurisdiction of Nantong) October 2007, aims to make imported wood chips into dissolved pulp as raw material for the textile industry in the Yangtze River Delta.

Yangkou Port enjoys the advantage of building 62 deepwater berths for 50,000 - 300,000 tonnage ships.

A local leader said the port project will be developed in two phases, with the first phase putting into operation in 2008 when two to three wharves are completed. He said total 200 billion yuan will be injected into the port's development in the next 10 years.

Re: $1.33 billion USD deal for Rudong, Nantong

Postby kenny » Sun Oct 14, 2007 12:15 pm

for sure Nantong will be a heaven for investors in a short period.

Re: $1.33 billion USD deal for Rudong, Nantong

Postby jennwfinch » Sat Nov 10, 2007 1:44 am

I know from a lot of sources that Yang Kou port in Rudong county will become a major port even compatable with Shanghai's Yang Shan port. The port has already got lots of fundings from either the government or private sectors domestically and internationally.
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