China has approved a 6.6 billion Yuan (US$835.4mil) joint venture between Tianjin Port Co Ltd and Singapore's state-owned port operator PSA to build six container berths. 

Tianjin Port would hold 51% of the venture and PSA (Tianjin) would have 49%, the National Development and Reform Commission, China's top planning agency. 

Tianjin, about 120km southeast of Beijing, is China's fifth largest container port. 

Each new berth would have a handling capacity of 100,000 tonnes, the NDRC said. 

Media reports have said the first three berths would be operational by the time of the Olympic Games in 2008.

Source:佚名