The foundation stone laying ceremony for Liaoning Donggang Yicheng International Logistics Park was held on Dec 18 in Donggang of Dandong, Dandong Daily reported.

The first project in the park, the Dandong Corn Transaction Center in the Bohai Commodity Exchange, also had its inauguration ceremony the same day.

Developed as a large storage and logistics project, the park will focus on overseas container logistics. It will mainly handle the transaction, intermediary trade, storage and logistics of grain, ores, steels, wood and coal in the eastern part of Northeast China.

The park aims to develop into the most influential international logistics harbor in Northeast Asia, a bulk commodity transaction center in Northeast China, and China's base for international trade to South Korea.

The logistics park will provide services including technological research and development, e-commerce, bulk community transactions, spot goods delivery and information services. Built to the standards of more than 30 regional modern logistics centers across the country, the park will consist of five centers: a grain logistics and distribution center, a financial service center, a price information publishing center, a fund settlement center, and an agricultural products research and development center.

With a planned area of 3.2 million square meters and a total investment of 13.3 billion yuan ($2.13 billion), the park is expected to attract 100 enterprises and generate operating revenue of 100 billion yuan annually after construction.

Edited by Michael Thai