Name of the Project
West III project.
Location
Shulanghu port, Zhoushan City, in Zhejiang province, in China.
Project Owner/s
The project is a joint venture between Ningbo Zhoushan Port Company Limited (50%), a subsidiary of Zhejiang Provincial Seaport Investment & Operation Group Co, and Vale (50%).
Project Description
The project involves the expansion of the Shulanghu port facilities, the construction of a stockyard and two loading berths with a combined capacity of 20-million tonnes a year, subject to regulatory approvals. The project includes the acquisition of land rights.
By participating in the project, Vale will secure a total port capacity of 40-million tonnes a year in Shulanghu, which will help Vale to optimise its overall supply chain costs.
Potential Job Creation
Not stated.
Capital Expenditure
$624-million.
Planned Start/End Date
The construction of the project will start after both parties obtain the antitrust and other regulatory approvals in China. Construction is expected to take three years.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Ningbo Zhoushan Port Company Limited, tel +86574 2768 6151.
Vale, email imprensa@vale.com.