Newspaper article The Canadian Press

Deal Would See Chinese Company Design and Build Cape Breton Container Port

Newspaper article The Canadian Press

Deal Would See Chinese Company Design and Build Cape Breton Container Port

Article excerpt

Chinese firm signs deal with Cape Breton port

--

SYDNEY, N.S. - A Chinese firm has signed a deal to design and build a proposed container port in Cape Breton.

Harbor-Port Development Partners, the firm behind the development of the port in Sydney, said in a statement Tuesday that it has reached an agreement with China Communications Construction Company Ltd.

The deal would see the Chinese company provide container cranes and other port-related equipment.

The company would also conduct an overall feasibility study.

Harbor-Port Development Partners also says discussions are underway on a potential equity stake in the project by the Chinese firm.

It's expected the multi-year development of the port will cost more than $1 billion.

Albert Barbusci, chief executive officer of Harbor-Port Development Partners said his firm is looking forward to working with the Chinese organization. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.