Under the support of People’s Bank of China (PBOC), Qingdao Qianwan Container Terminal (QQCT) has recently signed a loan contract to borrow RMB2.2bn from China Communication Bank Hong Kong Branch. The deal has become the largest offshore RMB loan in the port city.
QQCT is currently operated by four companies including Qingdao Port Group, DP World, COSCO and APM Terminals. The total investment of QQCT is US$887m, which is the largest infrastructure investment so far in Shandong province.
Source: Sinoship News