16.10.17PSA Invests in China's Inland Rail Terminal

PSA International (PSA) has invested in China United International Rail Containers Co., Limited (CUIRC), a Sino-Foreign joint venture with a mandate from the Chines government to develop and operate 18 railway container terminals within the country.

The investment makes PSA the only global terminal operator with shareholding in CUIRC currently, and is carried out through the acquisition of Hong Kong-based Luck Glory International Limited, which owns 15.33% stake in CUIRC.

The inland railway container terminals are strategically located at regional economic centers across the country to form the core of China’s intermodal transportation network. There are currently 10 terminals in operation in Kunming, Chongqing, Chengdu, Zhengzhou, Wuhan, Xi'an, Dalian, Qingdao, Ningbo and Tianjin.