Qingdao Port (601298.SH) plans to invest 9.097 billion yuan to build the first phase of the Dongjiakou container terminal project

According to the Zhitong Finance App, Qingdao Port (601298.SH) issued an announcement. In order to accelerate the development and construction of the Dongjiakou Port area, continuously improve the operating capacity of the container terminal, and ensure the construction of the Qingdao Port international container hub port, the company plans to invest in the construction of the first phase of the Dongjiakou Container Terminal project. The estimated investment of the project is 9.097 billion yuan. The construction period of the project is about 4 years, and it is expected to be completed in 2029.

The 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 container terminal is a hub for land and water transport. By adding specialized container terminals in the Dongjiakou port area, this project is combined with the Qianwan Port area's use of existing terminal upgrades and potential excavation to improve container operation capacity, helping to improve container terminal capacity and better serve the growing demand for international container transit and cargo transportation in the hinterland, thus further enhancing the company's competitiveness and profitability.