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Saturday, 27.04.2024, 02:48
China Merchants Group to set up representative offices in Lithuania
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The latter will be set up by China Merchants Holdings, a port operator controlled by CMG.
The Chinese company would like to purchase a terminal in Klaipeda and to participate in the development of the planned outer deep-water port in the future, the port authority said on Friday.
"They see Klaipeda as an attractive Silk Road – a project currently developed by the Chinese government – location for a transport and logistics center in the west," Arturas Drungilas, the port's marketing director, said in a press release.
The Lithuanian port last year signed four memoranda with China Merchants Group and China Merchants Holdings on the establishment of a Silk Road transport and logistics center in Klaipeda and strategic partnership in developing the project, as well as on a possibility to develop an outer port.
The outer port would be able to accommodate Baltmax-type vessels that need a depth of 18 meters. The government back in 2009 added the project for an outer deep-water port to the list of ten strategically important projects that would require raising private capital.
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