Zhuhai Port joins hands with China Shenhua 4.3 billion to build port logistics

Zhuhai Port (000507) announced today that the company intends to work with China Shenhua and Guangdong Electric Energy Investment Co., Ltd. jointly signed the "Shenhua Guangdong-Zhuhai Coal Wharf Co., Ltd. Joint venture Agreement", the joint venture to set up Shenhua Guangdong Zhuhai Port Coal Wharf Co., Ltd.,　　To jointly promote the Zhuhai Port Gaolan area Shenhua coal storage and Transportation Center project construction. The announcement indicated that the project total investment estimate is about 4.3 billion yuan, the business scope includes manages the coal storage, the coal blending base, runs the coal trade, the Zhuhai Harbor anticipated to this project's cumulative contribution is approximately 400 million yuan, and holds the project company 30% shareholding proportion. The project mainly includes the construction of 2 100,000-ton ship unloading berth, 6 loading berth and storage yard road housing and other corresponding production auxiliary facilities. The design year throughput amounted to 40 million tons. According to the feasibility study report, the project was completed and the total operating income amounted to $640 million.　　The project construction period is 2 years ~3 years, the second annual output is expected after the official operation. Zhuhai port in the background material described, according to the relevant departments analysis and forecast, 2015, Guangdong Province coal demand will reach 175 million tons, 2020 will reach 185 million tons, the future of Guangdong Province coal supply and demand contradictions will be more prominent. Zhuhai Port is an important hub of the national integrated Transport system and one of the main coastal ports, the port area deepwater Shore line resources, land resources are rich, with the construction of large deep-water berth conditions.　　According to the plan, Zhuhai Port will focus on the development of oil and gas chemical products, coal, ore and other bulk cargo and container transport. Zhuhai Port said that after the project was completed and put into production, the Pearl River Delta region can increase the port's coal unloading and transit capacity, to improve the Pearl River Delta Coal Transport and supply of tension, to support regional economic development to provide the necessary energy security, can also improve China's coal logistics system, the implementation of national emergency coal At the same time for the Zhuhai port to build South China Bulk Cargo distribution center, South China Energy base and the South China petrochemical industry base laid a good foundation.　　In addition, the investment of the project will help the company to accelerate the construction of the new main business of Port logistics, cultivate a stable and long-term profit growth point, the company's future financial situation has a positive impact. Zhuhai port at the same time disclosed that Zhuhai Port Logistics Development Co., Ltd. is a company to develop port logistics operation of an important platform, and is in the initial stage of transformation, the need for financial support, considering its project development and actual capital needs, the company in cash to increase its registered capital of 65 million yuan. Responsible Editor: NF018