Guangzhou Port invests CNY 14.5bn in Nansha Port expansion

Guangzhou Port Company (SSE:601228) has announced a CNY 14.5 billion investment in the construction of the fifth phase of the Guangzhou Port Nansha Port Area project, as approved during the company’s recent board meeting. This strategic expansion, subject to shareholder approval at an upcoming extraordinary general meeting on July 14th, will add four 200,000-ton container berths and fifteen 5,000-ton barge berths, increasing the port's annual handling capacity by 6.7 million TEUs. To support this project, the company will also increase capital in its wholly-owned subsidiary, Guangzhou Nansha International Container Terminal Co., Ltd., by CNY 280.944 million, funded through a mix of company funds and borrowing. This project, aligned with national infrastructure development goals, is projected to run from 2026 to 2032 and will significantly enhance Guangzhou Port's role as a major international shipping hub. The company will seek shareholder authorization at the EGM to increase financial resource flexibility to fund such projects.