Nanning speeds up major projects construction for land-sea trade corridor
As an important node of the Western Land-Sea Trade Corridor, Nanning is committed to building itself into a transport hub by promoting construction of major logistic projects.
With a total investment of 10 billion yuan ($1.41 billion), the Sino-Singapore International Logistics Park in Nanning is one of the key projects for Guangxi to promote the land-sea trade corridor in the west region. Invested in by Singapore Pacific International Lines Ltd, the project covers a total area of 4,273 mu (284.87 hectares) and will be constructed in three phases.
The first phase of the logistics park project was completed and opened for trial operation in September 2019, introducing several brand enterprises like VX Logistics Properties, Fosun Pharma, Best Express, and Singapore's YCH Group.
After its full completion, the logistic park will provide supply chain financial services, set up logistics enterprise information platforms for China and ASEAN logistic enterprises, as well as build a China-ASEAN multimodal transport alliance base to promote Nanning as an important entrepot in the western region.
The Nanning International Railway Port, which is another important key project for the Western Land-Sea Trade Corridor, is located at the core freight node of the Nanning Railway Hub. The total investment is estimated to be about 13 billion yuan and the land area is 6,402 mu.
The port will connect the China-ASEAN Free Trade Zone and become a national first-class railway intermodal logistics base, as well as the best gathering point for goods going overseas.
According to Zhuang Kai, deputy secretary general of the Nanning government, Nanning will focus on 58 logistics projects from 2020 to 2022, with a total investment of 58.1 billion yuan, including logistics parks, logistics stations, multimodal transport, cross-border and bonded logistics, bulk commodity logistics, as well as agricultural products and cold chain logistics.