China's Ningbo Port to build container terminal at Estonia's Muuga Port
11:43, 11. jaanuar 2008
Expands
TALLINN, Jan 11, - Estonia's Tallinna Sadam (Port of Tallinn) will Friday sign a cooperation agreement with Nigbo Port of China, one of the world's biggest ports, on the basis of which the companies will jointly build a container terminal and Chinese goods distribution center at Muuga.
According to a protocol of intent to be signed the new container terminal will be built in the eastern part of Muuga Port. In the first phase the capacity of the terminal will be nearly one million TEU containers a year, the Ministry for Economic Affairs said.
The new terminal will be the first major distribution center of Chinese goods in the Baltic Sea area and will serve markets of Northwestern Russia, Scandinavia and the Baltic countries.
Tallinna Sadam and Ningbo will sign the cooperation agreement at 3 p.m. Estonian time on Friday.
On Thursday, representatives of the Chinese port met with Economic Affairs Minister Juhan Parts and the Estonian parliament's economic affairs committee.
Last year Tallinna Sadam and Ningbo signed a cooperation agreement for the development of container transport.