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Tianjin Port plans 12.8b yuan expansion projects in 2009By Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-04 11:45 Tianjin Port (Group) Co, the country's third largest in terms of cargo throughput, plans to invest 12.8 billion yuan ($1.87 billion) this year to build new berths and upgrade facilities, a top executive said.
Cargo throughput has been decreasing since last July, as exports and imports growth slumped as a result of the global financial crisis, Yu told China Business News yesterday. Total throughput recorded negative growth in January compared with a year ago, Yu said, adding that business was picking up in February. Tianjin Port's total cargo throughput is expected to rise 7.3 percent this year to 380 million tons, the Group's Shanghai-listed Tianjin Port Co said in a stock exchange filing last month.
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