Investment of RMB 871 million! Qingdao Port has joined forces with a state-owned enterprise to establish a new company.

Recently, Shandong Port Qingdao Port Group, Qingdao Railway Construction Investment Co., Ltd., and China Railway Jinan Bureau Group jointly funded the establishment of Qingdao Donglian Railway Co., Ltd., with a registered capital of 3.483 billion yuan, and Qingdao Port contributed 0.871 billion yuan to hold 25.01 of the shares. The company's business scope covers public railway transportation, cargo transportation agency and other services, aiming to open up the "last mile" of MTR intermodal transportation and provide full-chain support for port collection and distribution. This is in line with the capacity expansion and reconstruction project of Dongjiakou Wulian railway and Jiaoxin railway under construction. The total investment of the project is about 17.577 billion yuan, which is planned to be completed in two and a half years. It is estimated that the annual transportation volume of railway gathering and dredging port will be about 80 million tons in the long term, which will significantly improve the cargo collection and distribution efficiency of Dongjiakou port area of Qingdao port, strengthen its position as a bulk cargo distribution center, Further promote the construction of Qingdao international shipping center.