Investment in northern Caofeidian port area totals US$47.1 billion

THE investment on Caofeidian island in north China`s Tangshan city in Hebei province has accumulated to CNY300 billion (US$47.1 billion), according to Mayor of Tangshan Chen Guoying, quoted Xinhua.

Located near Beijing and Tianjin, Caofeidian island is a deep-water port with the best natural conditions on among all ports on the 5,500-kilometre coastline of the Bohai Sea, which allow it build berths of over 300,000 tonnes without need to dredge. It has two port areas, the Jingtang port area and the Caofeidian port area, and handled 250 million tonnes of cargo last year. Its throughput is expected to reach 700 million tonnes in the future.


During the first half of year, Caofeidian achieved a GDP of CNY16.4 billion, up 14.6 per cent. Eighteen continued projects and 19 new projects were launched in the Caofeidian Industrial Area in this period.