Singapore-Chongqing logistics hub taking shape, Business News & Top Stories

In about 3 years, a logistics center collectively developed by Singapore and Chongqing companies will be working, handling operations across road, rail and river in the upper reaches of China’s famous Yangtze River.Located next to

Guoyuan Port in south-western Chongqing, the center will help with the circulation of container items transported through the river to the Southern Transportation Passage train network.The hub, which rests on 2 land parcels amounting to 670,000 sq m, will have storage facilities along with supply services such as product packaging and distribution.Yesterday, Deputy Prime Minister Teo Chee Hean, who is on a

nine-day trip to China, checked out Guoyuan Port in the northern part of Chongqing city, to discover out more about the hub.It is one of the essential jobs under the Chongqing Connectivity Effort, the third joint task between Singapore and China. The effort intends to spur growth in the less developed western China area by enhancing transportation and trade links.Mr Teo was informed about the port by Chongqing Mayor Tang Liangzhi along with agents from the port and the Sino-Singapore(Chongqing )DC Multimodal Logistics joint endeavor company.An emphasize of the Singapore co-invested logistics hub will be a electric-powered monorail system for transporting containers

from the river port to the nearby Yuzui railway station, which is about 3km from the Yangtze River’s banks.The fully automated 4km system assures to be a greener alternative than carrying the containers by means of trucks, and is touted to be the first of its kind in China.The system, developed by a regional Wuhan company, is likewise said to be more affordable or comparable to the cost of structure roadways connecting the port and the train station.The next action is to get a worldwide specialist panel to confirm the commercial and operational viability of the system, said Mr Gordon Tan, basic manager of Sino-Singapore Chongqing Connection Solutions, a joint endeavor company.”When the hub is prepared, it will enhance( Chongqing’s)inter-modal performance, linking road, river and rail transport effortlessly,” he added.Yesterday, Mr Teo likewise met Chongqing party chief Chen Minutes ‘er, a protege

of Chinese President Xi Jinping who was promoted to head the south-western local city last year.Mr Chen stated Mr Teo has made terrific contributions to China-Singapore ties

as the co-chair of the Joint Council for Bilateral Cooperation, a platform to talk about methods to boost cooperation between both sides.Noting that Mr Teo is going to multiple cities, Mr Chen stated:”It should be tiring but would definitely prove to be rewarding.”Mr Teo, who last visited the city of 30 million people in 2014, said both nations have a warm relationship going back 40 years, when the late Chinese leader Deng Xiaoping met Singapore’s founding prime minister Lee Kuan Yew at a time when China was opening as much as the world.”They could see how China and Singapore

could interact to add to China’s development, “he added.Mr Teo, who took a trip the other day to Lanzhou, the provincial capital of western Gansu province, will deliver a keynote speech at a financial investment and trade forum in the city today prior to returning to Singapore in the night.