Qingdao Port International Co., Ltd. (601298.SH) announced plans to invest in the construction of Phase I of the Dongjiakou Container Terminal, with an estimated investment of 9.097 billion yuan. The project aims to accelerate the development of Dongjiakou Port Area, enhance container handling capacity, and support the establishment of Qingdao Port as an international container hub.

The construction period is approximately four years, with completion expected by 2029. This initiative aligns with the company's strategic development plan and is significant for its long-term growth.

Container terminals serve as critical hubs for land-water intermodal transport. By adding a specialized container terminal in Dongjiakou Port Area and upgrading existing facilities in Qianwan Port Area, the project will boost overall container handling capacity. This enhancement will better serve the growing demand for international transshipment and hinterland cargo transportation, further strengthening the company's competitiveness and profitability.