Xian Park to become largest inland port in Western China
October 31, 2012 Category Economic hubs, Logistics
The Xian International Trade and Logistics Park will play a vital role in the modernization of China’s western areas and will help close the gap with the more-developed eastern coastal regions, said Han Song, Deputy Mayor of Xian. It is set to become the largest inland port in West China and help build an open economy in the whole western area. Foreign trade volume in the park has been increasing at an annual rate of more than 50% since it was set up in 2008 with a planned area of 44.6 square kilometers. The inland port functions through the synergy of three projects – the Xian Railway Container Transport Center, the Xian Comprehensive Free Trade Zone and the Xian Highway Hub. The Xian Comprehensive Free Trade Zone enables northwestern China to have the same advantages in processing trade and free trade logistics that coastal ports have, which has reduced the cost of and time needed for foreign trade done in inland China. Meanwhile, it also provides favorable conditions for inland areas to develop an outbound economy and modern services, such as international trade and outsourcing. The Xian Railway Container Transport Center project is a key link that allows China to promote international container transport in inland China. The Xian Highway Hub project can integrate such functions as transportation management, shipment, logistics and information, and it can provide comprehensive services for logistics enterprises in the region. The park has also established strategic relations with some major coastal ports, such as those in Shanghai, Tianjin and Lianyungang in eastern China, and the border ports of Horgos and Alataw Pass in Xinjiang in western areas of China, the China Daily reports.
As of the end of August, total fixed-asset investment in the park had reached CNY10.3 billion, of which CNY4.2 billion was made during the first eight months of this year, an increase of 78.14% over last year. Total foreign trade volume reached USD519 million, of which USD235 million was made between January and August, an increase of 56.2%, compared with last year. About 58,000 containers were handled during the first eight months of the year at the railway container transport center that serves all of Shaanxi province and the surrounding provinces. Contracts have been signed involving a combined investment of CNY51 billion in a total of 58 projects of various types, including eight foreign invested projects with a total investment of USD350 million. By the end of August, 16 projects had been completed and 39 projects, with a total investment of CNY65 billion, were under construction. Activities to attract foreign investment were held in foreign countries, including Japan, Turkey and the Netherlands. By the end of August, investment worth a total of CNY2.4 billion had been poured into the park to develop infrastructure, including bridges, electricity and water treatment plants. To make up for the shortage of land, the area of the park may be enlarged to 120 square kilometers, according to the management committee.
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