Industries world over face the brunt of the troubles caused due to the novel coronavirus as world leaders scamper to tackle it. Apart from the apparent health concerns due to an exponential rise of COVID 19 cases, there is now a focus on economic obstacles on the horizon. Consequently, Belt and Road Initiative (BRI) has been central to some of the developments materializing because of this global crisis.
JadeWeserPort, partner terminal of the New Silk Road Network, has recently announced the successful conclusion of a 99-year leasing contract for 20 hectares of land in their freight village (GVT) to one of China’s largest logistics companies, China Logistics. As a result, Germany’s only deep-water container port will soon host the “China Logistics – Wilhelmshaven Hub” and be able to offer 40,000 m2 of hall space plus 110,000 m2 of open storage area for handling Chinese goods.
The portfolio of goods handled at the hub will include automotive, stone products for DIY markets, food and consumer goods imported to Wilhelmshaven for temporary storage and distribution. The site will also have a rail link to allow traffic to arrive via rail from China in the medium run.
Consequently, the Port of Wilhelmshaven is in a strategic position to become part of China’s Belt and Road Initiative. As a network, we are excited to see the possible synergies, and with more goods funnelling through, what this could mean for our members.
One thing for sure, is that good relationships takes time to nurture and build. As Mr. Andreas Bullwinkel, Managing Director of the Container Terminal Wilhelmshaven JadeWeserPort-Marketing-gesellschaft mentioned, "We, together with the state of Lower Saxony, negotiated for about five and a half years with Chinese partners about the settlement.” Now, it is up to the final construction, which is expected to finish in 2021.
On behalf of the New Silk Road Network, congratulations to our partners at JadeWeserPort and wishing them a successful launch of the logistics hub next year!
For more details, please feel free to read their original press release here: