Chongqing Port plans to invest 299 million yuan in the second phase expansion project of Jiangjin Port to enhance its modern multimodal transportation capacity.

Chongqing Port (600279.SH) announced that in order to meet the long-term development needs of Jiangjin Port Area, they will strive to build the largest public grain and oil distribution and transfer center in the southwest region. The board of directors has approved the investment plan and project proposal for the upgrade and expansion of the modern multimodal transport hub in Jiangjin Port (Phase II), with an estimated total investment of 299 million yuan. They also require the Jiangjin Port Branch Company to actively seek policy subsidies for the project and control the proportion of project loans. This project is an important measure to break through the development bottleneck of Jiangjin Port Area and promote the high-quality development of the region. On one hand, it can effectively solve the core bottleneck of insufficient railway handling capacity in Jiangjin Port, significantly improve the cargo throughput and multimodal transport efficiency, and effectively cope with the logistics challenges posed by the expanding grain gap in the Chongqing area and the surge in enterprises in the industrial park. On the other hand, it will help Jiangjin Port become an important support point for the "thousand-mile light boat", promote Jiangjin Port's integration into the trunk and feeder shipping network, fully leverage its location advantages connecting the Chengdu-Chongqing Economic Circle and radiating to the southern Sichuan region, activate the port's potential, enhance the logistics competitiveness of the listed company, expand the regional market, and promote the sustainable and high-quality development of the listed company.