HWL plans to invest in Gaolan Port II

Hutchison Whampoa (0013) (HWL) is now in talks with the municipal government of Zhuhai about its potential investment in the second phase of Gaolan Port container terminal. An estimated investment of RMB150 million will be spent on the project. The annual throughput for this project is 700,000 TEUs, higher than 400,000 TEUs in the first phase. As reported, the spokesperson of Hutchison Delta Ports refused to comment on the said issue.

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