YML to build 4 Kaohsiung terminals

Yang Ming Line has signed a NT$16.2 billion (US$499 million) 20-year loan to fund Kao Ming Container Terminal Corp's four-container terminal complex in Taiwan's biggest port, Kaohsiung.

Kaohsiung is to expand capacity to challenge rival ports overseas, and the NT$18 billion Yang Ming Line scheme is one of 12 harbour projects recently unveiled by the Taiwan government.

Yang Ming Line, Taiwan's second-biggest container-shipping line, will operate the Kaohsiung terminals for 50 years under a build, operate and transfer lease from the government.

Source: Shipping Gazette News (20 Dec 2008)