Southwestern China's Chongqing municipality plans to invest 18 billion yuan to build an upstream shipping hub with annual handling capacity of 220 million tonnes (metric tons) along the Yangtze River during the 13th Five-year Plan period of 2016-2020.
The project involves constructing multimodal transportation ports such as Guoyuan Port, Jiangjin Luohuang Port, Fuling Longtou Port and Wanzhou Xintian Port and nine other specialized ports. Through the project, Chongqing's container throughput capacity will reach 5 million TEUs per year and freight shipping capacity is expected to reach 7 million deadweight tonnes by 2020.
According to the plan, by 2020, the metropolis' waterway freight will exceed 200 million tonnes, the proportion of railway-waterway-connected transportation freight will hit 10 percent, and the proportion of cargos transit from other provinces through Chongqing will hit 60 percent, and the value of contracted shipping will top 10 billion yuan.
As one of three state-level shipping centers of Yangtze River, Chongqing has 170 million tonnes of cargo handling capacity and 1 million standard containers of container throughput capacity at present.