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Genoa Port Signs Agreement With China’s Port Of Shenzhen

Genoa port signs agreement with China’s Port of Shenzhen

Genoa Port Signs Agreement With China’s Port Of Shenzhen

Genoa, Italy (PortSEurope) June 5, 2019 – At the Transport Logistics fail in Munich, Germany, a cooperation agreement was signed between the ports of Genoa and the port of Shenzhen. The agreement was formalised by Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP – Western Ligurian Sea Port Authority) President Signorini and Lou Heru Deputy, General Manager of the Transport Bureau of the Shenzhen Municipality.

The Shenzhen is set to become a “sister” of Genoa and is ready to share its experience in applying green and smart technologies in a transport hub.

The Port of Shenzhen is a collective name of a number of ports along parts of the coastline of Shenzhen, Guangdong Province, China, including Yantian, Shekou, Chiwan, Mawan, Dachan Bay, Dongjiaotou, Fuyong and Xiagong.

This is another step in China’s increasing presence in Italy.

In March 2019, a total of 19 institutional agreements and 10 commercial agreements were signed during the state visit of President Xi Jinping of China to Italy, covering a wide range of themes and industry sectors – all dominated by an overall non-binding agreement for Italy to cooperate with China in the latter’s new Silk Road.

The new Silk Road (part of the Belt and Road initiative also known as One Belt, One Road, or OBOR) is a Chinese economic strategy to seek better access for Chinese-made products in European markets, which includes acquiring stakes in ports and other transport facilities, and cooperation agreements with countries along the Silk Road routes.

The clear beneficiaries from the Italy-China relationship are the ports of Genoa and Trieste, which both signed commercial agreements with state-owned China Communication Construction Company (CCCC).

Genoa-based Autorita’ di Sistema Portuale del Mar Ligure Occidentale (AdSP – Western Ligurian Sea Port Authority), the Extraordinary Commissioner for the Reconstruction of Genoa and CCCC have signed a collaboration agreement with the aim of cooperating in the implementation of the Extraordinary Program of urgent investments for the recovery and development of the port of Genoa following the Morandi bridge collapse in August 2018.

CCCC also signed an agreement with Trieste-based Autorita’ di Sistema Portuale del Mare Adriatico Orientale (AdSP – Eastern Adriatic Sea Port Authority) to develop the port’s infrastructure.

Source: Autorita’ di Sistema Portuale del Mar Ligure Occidentale

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