Deal would see Chinese company design and build Cape Breton container port
SYDNEY, N.S. – A Chinese company has signed an agreement that would see it design and build the proposed container port in Sydney, N.S.
Harbor-Port Development Partners, the firm behind the development of the port, says it has come to an agreement with China Communications Construction Company Ltd.
The deal would see the Chinese company provide container cranes and other port-related equipment.
The company would also conduct an overall feasibility study.
Harbor-Port Development Partners also says discussions are underway on a potential equity stake in the project by the Chinese firm.
It’s expected the multi-year development of the port will cost more than $1 billion.
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