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Keppel co-develops cold-chain logistics park in China

Lu’an City, Anhui Province, China:  Keppel Telecommunications and Transportation (T&T)  will jointly develop and operate a Chinese cold-chain logistics park in Lu’an City, Anhui Province, to serve the region’s fast-growing food-processing industry.

The 33-hectare Keppel Wanjiang International Coldchain Logistics Park (Anhui) will be 60km west of Hefei, Anhui’s capital, and will serve the central China region that includes Anhui, Henan, Hubei, Hunan and Jiangxi.

The Lu’an project will begin operations at the end of 2014. A wholly owned Keppel T&T subsidiary holds a 60% interest in the joint ventire company, with the rest held by the Lu’an City Jin’an district government and “private investors including but not limited to” Chinese conglomerate Anhui Zhuxin Group.

The joint venture company  will have a registered capital of 180m yuan (US$35.3m) of which Keppel T&T’s share is 108m yuan.