| Contact Person: Telephone: E-mail: Date: | Michelle Lu, General Manager - Group Corporate Affairs (852) 2619 7557 Fax: (852) 2612 0083 gca@hph.com.hk 10 September 2001 |
[10 September 2001 - Hong Kong] Hutchision Delta Ports (HDP) will invest in the expansion of container handling facilities at Haicang Port in Xiamen, China. Mr. James S. Tsien, Managing Director of Hutchision Ports China, signed two official agreements for the expansion of Berth No.4 and the construction of Berth No.1 on 9th September 2001 during the 5th Chinese International Fair for Investment and Trade in Xiamen.
HDP will continue to increase investment to develop Berth No.4 for expanding the existing operation at Xiamen International Container Terminals (XICT). Additional quay length of 140 metres has been constructed and is already operational, while the construction of 78,000 square metres of container yard is scheduled for completion by the end of 2001. After merging with the existing Berth No.2 and No.3, XICT will comprise a total quay length of 640 metres and a container yard area of 478,000 square metres.
Meanwhile, the design and construction of Berth No.1 will commence shortly. Berth No.1 will be located at the east end of the existing Berth No.2 and will comprise a container yard area of 400,000 square metres, a quay length of 448 metres and a water depth of -17.5 metres. XICT is located at Haicang Port, a deepwater port with excellent geographical conditions. Upon completion of the expansion and development project, XICT will be able to accommodate 6th-generation vessels.
Mr. Alfred Leung, General Manager of HDP, commented, "Import and export trade volumes will grow tremendously with China's entry to the WTO. XICT looks forward to playing a key role in facilitating the growth of future cargo volumes. As Haicang Port is located in the largest Taiwanese investment zone on the Mainland, we are confident that XICT will continue to attract more international shipping lines and benefit from China's entry to the WTO."
Notes to Editors:
Xiamen International Container Terminals (XICT) coastal port is a joint venture between Hutchison Delta Ports (HDP) and Xiamen Haicang Ports Company. Situated at Haicang in the Xiamen Special Economic Zone in Fujian, it has been in operation since 1997 and is part of the HDP network, currently comprising three coastal and three river ports in South China.
XICT is a member of Hutchison Port Holdings (HPH), the world's leading port investor, developer and operator with interests in 15 countries throughout Asia, Africa, Europe and the Americas. Today, HPH operates a total of 29 ports together with a number of transportation related service companies.
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