Chongqing Port (600279.SH) plans to invest 2.99 billion yuan to build the second phase expansion project of Jiangjin Port, aiming to enhance its modern multimodal transport and transportation capacity.

Zhicheng Finance and Economics APP News, Chongqing Port (600279.SH) announced that, in order to meet the future development needs of Jiangjin Port Area, the company will fully establish the largest public grain and oil distribution and transit center in the Southwest region. The board of directors has approved the investment plan and project proposal for the enhancement of the modern multimodal transportation hub in Jiangjin Port (Phase II expansion project), with an estimated total investment of 299 million yuan. Meanwhile, the company has requested the Jiangjin Port Branch to actively seek policy subsidies for the project and to reasonably control the proportion of project loans.