Taipei, Nov. 15, 2012 (CENS)--The Kaohsiung branch of Taiwan International Ports Corp. will invest NT$13 billion in building the second-phase docks of intercontinental container terminal, whose construction is scheduled to break ground early next year, following settlement of public bidding in the second half this month. After its completion, scheduled in 2017, CPC Taiwan and other firms will build oil tanks and other warehousing facilities on the docks, marking a milestone in the development of Kaohsiung Harbor.

The Kaohsiung branch of Taiwan International Ports Corp. pointed out that the project will contain 10 petrochemical docks and four bulk-commodities docks, as well as 47.2 hectares of land for storage facilities for petrochemicals and oil.

Ten petrochemical firms have signed letter of intent for investing in petrochemical storage facilities in the area. They include CPC Taiwan, Formosa Plastics, and China Petrochemical Development.

CPC will secure four docks, where it will construct storage facilities for crude oil and oil products, as well as a transshipment base capable of handling 1 million metric tons of petrochemical materials. Formosa Plastics Group also plans to establish storage facilities there, for use by its factories in Kaohsiung.

The existing petrochemical docks and storage sites of Kaohsiung Harbor in Chienchen and Lingya areas will be vacated and converted to special zones for simple processing works and logistics.

Four bulk-commodities docks will also be built in Kaohsiung Harbor to replace the functions of the existing docks in Penglai and Yiencheng areas, which will be converted to areas for the development of tourism and leisure industries, furnished with such facilities as five-star hotel, shopping center, and exhibition and convention venue.

(by Philip Liu)