Taiwan's Evergreen Marine Corp has announced it will pump T$300 million (US$9.22 million) into Taipei Port Container Terminal Corp, media reports say.
The capital infusion will increase the container shipping company's investment in Taipei Port Container Terminal to T$628.79 million and raise its equity interest to 36.9 per cent, it said in a filing with the Taiwan stock exchange.
Taipei Port Container Terminal is a joint venture between Evergreen Marine, Wan Hai Lines Ltd and Yang Ming Marine Transport Corp, which holds 10 per cent of the terminal company.
According to Yang Ming's website the first container berth at the Taipei Port Container Terminal will be completed in 2008, and all seven berths are scheduled to be completed by the end of 2014.
The new box handling facility is intended to turn Taipei Port into a major transit hub for containers in northern Taiwan.
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