Building a strong port industry
By Qiu Quanlin (China Daily)Updated: 2006-10-30 11:14
According to Chen, the city also plans to build 13 more public berths and
another 12 industrial berths during the 11th Five-Year Plan period
(2006-10).
Enhanced infrastructure development has helped improve the
city's investment environment, which in turn leads to growing domestic and
overseas investment, Chen said in a recent interview with China
Daily.
Currently, there are a number of domestic and overseas big names
having invested in the city, of which some are from world top 500
multinationals, according to Chen.
One of the key investment projects was
the Great Ocean Oils and Grains Industries (Fangchenggang), which was founded at
the end of 2001.
The company was jointly invested by the US-based archer
Daniels Midland, the China Food and Oil Export and Import Group Corporation and
Singapore-based Wilmar Group.
With an industrial output value of 3
billion yuan (US$375 million) in 2003, it has quickly become one of the biggest
comprehensive food and oil companies in Southwest China.
"The company's
success in Fangchenggang shows that the city has become an ideal place for
foreign and domestic investment," Chen said.
Another big project, the
first phase of the Fangchenggang Power Plant, invested by China Power (Hong
Kong) Co Ltd with 5.2 billion yuan (US$650 million), has also begun
construction.
Chen also emphasized that the city has attached great
importance to environmental protection along with port industry
expansion.
"Although land requisition for industrial use is sought after,
we will not allow any environmental violations," Chen said.
Fangchenggang
has an area of 6,181 square kilometres. Forests within the city, including a
330-hectare mangrove forest, have been well protected, according to
Chen.
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