On September 4th, on behalf of People’ s Government of Qingdao, the headquarter of the construction responsible for the development of Dong Jiakou port in Qingdao, signed the cooperative frame agreement with the IMC Group of Singapore on developing the 400,000 tons of iron ore wharf at the Dong Jiakou port.
Dong Jiakou port is located in Boli Nanjao city, being a rare natural deepwater port. The investment in establishing of the ore wharf would reach U.S.$350mln. Based on the management advantages of IMG Group, such as the transportation of bulk commodities and petroleum products, the establishment of ore wharf would promote the development of Dong Jiakou port.
Cao Weide, chairman of IMG Group of Singapore said that it is the largest wharf invested by the company in China.