Archive for the 'Chongqing' Category

Chongqing Gangjiu, an inland river shipping company, will inject $12.2 million into its subsidiary which is Chongqing International Container. This additional investment will boost the registered capital of the container terminal company to $52.1 million.

The container terminal company, which is on the north bank of the Yangtze River in Chongqing, was constructed in two phases:

The first phase covering 57 hectares was put into operation at the end of 2005. It covered 950 m of riverbank, had two 3,000-tonnage container berths and one roll-on/roll-off berth. Its annual capacity is 280,000 containers (TEU) and 150,000 cars.

The second phase, with a total investment of $163 million, started in September.

This will have three 3,000-tonnage container berths and one roll-on/roll-off berth. When it is finished in 2011 it will boost the company’s total capacity to 700,000 TEUs and 300,000 cars.
Source: CargoNews Asia

According to the Ministry of Construction, China will spend RMB620 billion ($82 billion) building subways and urban railways in 15 major cities in the next ten years to ease traffic jams.

Around 1,700 kilometers of light rail systems will be built in the 15 cities, including Beijing, Shanghai, Guangzhou, Chongqing, Shenzhen and some provincial capitals.

Currently, there are only 22 urban rail lines with a total length of 602.3 kilometers in operation or in trial operation in China, mainly in Beijing, Shanghai and Guangzhou.

An official with the ministry said that 36 urban rail lines are under construction in 12 cities.
Source: China View

The Three Gorges Dam has eased navigation in the Chuanjiang section of the Yangtze River, leading to a solid shipping industry in Sichuan and Chongqing. This section of the river covers Yibin and Luzhou in Sichuan, Chongqing and Yichang.

The rise in water level, as a result of the dam project, has submerged groups of rocks that were previously hazardous to ships trying to navigate the route.

In 2005 ships transported 50% of all cargo leaving Chongqing. This year the figure is expected to increase to 60% due to eased navigation routes.

The low cost of shipping goods compared to transporting them by road has also contributed to the growth of Chongqing’s shipping industry.
Source: China Daily