Amadeusz Juskowiak

China signs world bank loan for tianjin port

China has signed a 130 mln dlr loan agreement with the World Bank to partly finance 12 new berths with an annual capacity of 628 mln tonnes at the 20 mln tonne a year capacity Tianjin port the New China News Agency said

China will provide 370 mln yuan for the project and a Chinese company won a bid against 12 other firms from seven countries to do the foundation work it said

It said 11 of the new berths will be able to handle ships of more than 10000 tonnes three will handle containers and the expansion will enable the port to handle coke nonmetal mineral ores and mining equipment for the first time