Yangpu Port Co. Ltd., affiliated to the State Development and Investment Company (SDIC), plans to invest 400 million yuan (49.3 million US dollars) to expand the south China sea port, located in Hainan Province, said the company source Wednesday.

The investment will be used in building two 20,000-dwt berths and one 50,000-tonnage berth.

The yearly handling capacity of the port is expected to reach eight to ten million tons when the three new berths are completed.

Currently, the Yangpu Port has three 35,000-dwt and two 20, 000-dwt berths but they are still inadequate for the increasing freight handling capacity.

According to the company source, the throughput of the port handled was 1.93 million tons in the first half of this year, a year-on-year increase of 166.7 percent.

The cargoes transported via the port mainly include coal, ore, timber and the containers.

Yangpu Port was completed at the end of 1990 and its throughput amounted to 2.17 million tons last year.

Source: Xinhua