China Information

Friday, December 15, 2006

Israel’s ZIM has signed joint venture agreement in China

ZIM Integrated Shipping Services Co., Ltd. and China Railway Container Transportation Corporation under China’s Ministry of Railway have recently signed a joint venture agreement to establish China Railway United International Container Co., Ltd. The joint venture will invest US$ 2 billion in China in the next few years to build large railway hub container central stations in 18 selected cities in two phases. The 11 cities of Phase 1 include Shanghai, Kunming, Chengdu, Chongqing, Wuhan, Harbin, Xi’an, Shenzhen, Dalian, Tianjin and Qingdao. Cities of the second phase include Zhengzhou, Lanzhou, Shenyang, Guangzhou, Urumqi, Beijing and Ningbo.

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