On 18th October 2019，Dr. Bai Jingtao, the CEO of China Merchants Port Group Holdings Company Limited (“CMPort”) attended the Sino-Portuguese investment and financing Promotion Conference (“the Conference”) organised by the China Development Bank and has signed Strategic Cooperation Agreements with China Africa Development Fund (“CADFUND”) and China-Portugal Cooperation Development Fund (“CPDFUND”). Mr. Lu Yongxin, the deputy general manager of CMPort witnessed the signing ceremony.
According to the agreements, the signing parties identified port development, acquisition and infrastructure constructions as the key fields for the parties to jointly explore project resources, project development plans, and carry out investment cooperation on mature projects. CMPort will take part in applying major advantages and operational management experience to assess project opportunities and provide professional technical and management support to other parties. CADFUND and CPDFUND will make use of their institutional coverage and in-depth understanding on Africa and Portuguese speaking countries, to give full play to their capital operation capacity and assist the development and operation of the projects.
After the signing ceremony, Mr. Gui Dong, the Executive General Manager of Investment and Development Department of CMPort, was invited to introduce the progress and strategy of CMPort’s global investments and developments.
After the conference, Dr. Bai Jingtao, with his delegation, held talks with Mr. Liu Jin, Executive Vice President of China Development Bank, and Ms. Yang Baohua, Chairman of CADFUND, to exchange views on the extensive cooperation between the two companies in Africa, Latin America and Portuguese-speaking countries or regions, expressing strong support for the future cooperation between the companies in the field of infrastructure investment.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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