Zhuhai’s logistics park offers up to 5 million yuan in subsidies
The new scheme is part of a wider effort by the mainland authorities to ramp up the shipment of goods via the HZM Bridge.
The Zhuhai Government is offering subsidies as high as 5 million yuan to logistic enterprises that use the Guangdong-Hong Kong-Macao Logistics Park in Zhuhai’s Hezhou New Area.
Cross-border freight services are also eligible for subsidies of up to 2 million yuan under the scheme, which was passed during a recent executive meeting of the Zhuhai Municipal Government.
The new measure was introduced by the authorities in a bid to accelerate the construction of a new economic and trade corridor along the Hong Kong-Zhuhai-Macao (HZM) Bridge, and promote the development of a modernised logistics industry in the area.
[See more: A new logistics park in Dongguan aims to provide seamless shipment via Hong Kong]
Spanning an area of 128,0000 square metres, the Guangdong-Hong Kong-Macao Logistics Park seeks to promote trade and strengthen the Greater Bay Area’s status as a leading economic region.
The advantages of moving goods via land instead of sea are clear, according to the general manager of a supply chain firm in Zhuhai, Zhong Jianting, who is joining the park.
“The cost of shipping to Hong Kong via the HZM Bridge is 25 percent less compared to sea freight, and the time efficiency increases by 80 percent,” he told local media.
Construction of the logistic park in Zhuhai is being undertaken in two phases. Phase 1, which involved the building of two warehouses, wrapped up during the second quarter of this year. The entire park is expected to be fully operational by 2024.
—With reporting by Kenny Fong
