Global port operator PSA International (Singapore) has invested in a Sino-foreign joint venture with a mandate from Beijing to develop and operate 18 railway container terminals across China.
PSA’s investment in China United International Rail Containers Co (CUIRC) for an undisclosed sum was done through the acquisition of Hong Kong-based Luck Glory International, which owns a 15.33 per cent stake in CUIRC. This makes PSA the only global terminal operator with shareholding in CUIRC. CUIRC is part of national railway operator China Railway Corp.
The 18 inland railway container terminals are strategically located at regional economic centres to form the core of China’s intermodal transportation network.
Ten terminals are in operation: Kunming, Chongqing, Chengdu, Zhengzhou, Wuhan, Xi’an, Dalian, Qingdao, Ningbo and Tianjin.
Share on:
