Tue, Sep 27, 2005 - Page 10 News List

Shipping companies vie to build terminal in Kaohsiung's port

DPA , TAIPEI

Several foreign shipping companies are vying for the contract to build a deep-water terminal at Taiwan's Kaohsiung Harbour, a harbor official said yesterday.

"Maersk, APL, NYK and HMM are all interested in building the 16m-deep Intercontinental Container Terminal. We will invite tenders in October and announce the winner in June next year," a Kaohsiung Harbor official told reporters, asking not to be named.

"Construction of the terminal will begin in 2007. The first wharf will begin operating in 2011 and the other three wharves will begin operating in 2013," he said.

The new terminal, with four 370m wharves, will handle at least 2 million TEUs (20-Foot Equivalent Units) each year.

"Under the BOT [build, operate, transfer] arrangement, the contractor will design and build the terminal and operate it for 50 years. Construction cost is estimated at NT$12.3 billion [US$3.8 million]," the harbor official said.

Kaohsiung Harbor was the world's busiest container port in 1999, but its ranking has fallen due to the expansion of neighboring ports and Taiwan's five-decade ban on direct shipping with China.

Currently Kaohsiung Harbor is the world's sixth-largest container port after Hong Kong, Singapore, Shanghai, Shenzhen and Busan.

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