Tianjin launches port regulations, encourages investments

TIANJIN Port Regulations came into effect on April 1st this year, which encourages and supports investments from domestic and international economic organisations as well as individuals in developing and operating ports, Xinhua reported.

Introduction of advanced technologies and management experience is also welcome, according to the new regulations.

The regulations said investors engaging in port business in Tianjin should apply to the local port authority for port operation licenses.

The port regulations apply to port areas of Beijing, Nanjiang, Dongjiang, Lingang Industrial, Beitang and Haihe and the specific scope is fixed according to the General Plan of Tianjin Port, the report said.

Tianjin port handled 309 million tons and 7.10 million TEU in 2007, up 20.2 per cent and 19.4 per cent respectively.