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Chinese Investors Interested In Seaports At Zadar And Rijeka

Chinese investors interested in seaports at Zadar and Rijeka

Chinese Investors Interested In Seaports At Zadar And Rijeka

Zadar, Croatia (PortSEurope) June 9, 2018 – A Chinese company will become a co-owner of Croatian port of Zadar on the Adriatic Sea, and Chinese firms have expressed interest in leasing a freight terminal in the biggest port in the country – Rijeka, a senior official at the Ministry of Maritime Affairs, Transport and Infrastructure, Tomislav Mihotic, said. Rijeka port is operated by Luka Rijeka d.d.

The deal is expected to be signed “within days”, Mihotic said in Ningbo, a coastal city in East China’s Zhejiang province, which has the busiest port in the world by cargo tonnage, during the 4th China-CEEC Investment and Trade Expo (China-CEEC Expo).

“In the coming days the port of Zadar will sign a co-ownership agreement with Chinese partners. The port will be a logistics point for Chinese exporters to expand their trade not only into the Croatian market, but the European market as well,” Mihotic said. Zadar port is operated by Luka Zadar d.d.

Chinese company Jiangxiong Hua, indicated recently that it has plans to buy a stake in the Port of Zadar (Luka Zadar), and that it would initially invest 215 million kuna (€29 million).

Croatian government already has presented to interested Chinese firms a plan for the tender for the leasing of Rijeka (Luka Rijeka) port terminal.

The Chinese investments in Croatian ports are part of the One Belt One Road (OBOR) initiative – a multi-billion dollar investment plan for the New Silk Road, the largest infrastructure, maritime and landline link between Asia and Europe.

Source: Total Croatia News

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