Hutchison signs MOU to develop Southern Corridor

HIT Terminal

Hutchison Logistics earlier this month signed a Framework Agreement on the “Southern Transport Corridor – Hong Kong-Chongqing Ocean-Rail Intermodal Logistics Cooperation” with CCI Eurasia land Bridge Logistics Development Co Ltd, in support of the Belt and Road Initiative.

Both parties aim to leverage their core businesses of ports, logistics, and shipping sectors to jointly develop a range of services, including the building of the Hong Kong-Chongqing Ocean-rail Intermodal Corridor and the Hong Kong International Cargo Distribution Centre.

Attending the signing ceremony, chief executive of parent company HPH Trust, Gerry Yim said: “Chongqing is a major industrial town in the western part of the country. As the economic development of the country is taking off, there is high demand gor commerce, trade and logistics services. Hutchison Logistics and Hong Kong International Terminals, COSCO-HIT Terminals and Asian Container Terminals, under HPH Trust, will collectively provide a convenient seabound gateway and cargo distribution centre for cargo owners in the western region of the country.”

Mr Liu Guiping, vice mayor of Chongqing replied: “HPH Trust demonstrates its unparalleled strengths, and plays a pivotal and leading role in the development of Hong Kong Port and logistics. Chongqing is the only municipality in the western part of China, a national central city, and an important strategic anchor point in the ‘Western Development Strategy’. It has the special advantage of being the point of connection of the Belt and Road Initiative and the Yangtze River Economic Belt.”

Through the “Southern Transport Corridor” Hong Kong-Chongqing Ocean-Rail Intermodal Corridor, shipments will be transported by rail from Chongqing to the Beibu Gulf Port in Guangxi, then connected to HIT in Hong Kong via the intermodal service provided by Hutchison Logistics, and eventually be exported to Asia, the America.

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