Dalian Port Group to fund new port projects in Lvshunkou

Dalian Port Group, operator of China's largest crude oil port, announced that it has signed an agreement with Dalian's Lvshunkou district government to jointly develop Yangtouwa and Double-Island Bay area in the district.

Under this new agreement, Lvshunkou will be of strategic importance for Dalian Port Group and the group plans to increase its investment in the planning, construction, operation of Lvshunkou district.

The two parties will integrate the port resources and the Ro-Ro passenger business in Yangtouwa area. A new venture, named Dalian Double Island Investment and Development Co Ltd, will be established to expedite the construction of an integrated port project and an industrial zone nearby.

Besides, Lvshunkou district government will provide favorable policies to support Dalian Port's operations in the district.