Qingdao Port (06198) plans to invest 6.615 billion yuan to build the Dongjiakou General Terminal Project

According to the Zhitong Finance App, Qingdao Port (06198) announced that in order to enhance the port's cargo transit capacity, optimize production layout, meet port operation needs, and guarantee the national strategy of service guarantee, the company plans to invest in the construction of the Dongjiakou General Terminal Project. The estimated project investment is about RMB 6.615 billion.

On the northern and eastern shorelines of the Langya Taiwan Operation Area in the Dongjiakou port area, 7 general-purpose berths of 30,000 to 70,000 tons were built. Four 30,000 ton berths were built for the northern shoreline, 2 40,000-ton berths and 1 70,000-ton berth were built on the east side of the shoreline, respectively. The length of the pier's shoreline is 1,668 meters, and the total land area is 109.5329 hectares (of which: 106.1,380 hectares of land reclamation and 3.3949 hectares of permeable structures), and the design year has a passing capacity of 14.33 million tons.

This project is in line with the company's strategic development plan and is of great significance in promoting the company's long-term development. The Dongjiakou General Terminal Project is an important support for general bulk goods terminal operations in the Dongjiakou Port area. It helps to take on the terminal operations of some bulk goods and groceries goods transferred from the Qianwan Port area and the Dagang port area, and better serve the transportation needs of grain and oil processing, steel, timber, automobiles, equipment, etc. in and around the port, thereby further enhancing the company's competitiveness and profitability, and will not have a significant adverse impact on the company's financial and operating conditions. There is no harm to the interests of the company and its shareholders, especially small and medium shareholders.