BMT Group subsidiary BMT Asia Pacific has announced that it is providing port planning consultancy for Malaysia-based Sime Darby’s ongoing CNY2.8bn ($442m) Weifang port expansion in China.
The company has developed a plan that covers the economic, technical and financial aspects for the port development in Shandong Province.
Weifang Port currently has berths spanning 2,375m in length, including 12 berths that are fully operational and three new 20,000t berths that are expected to be finished in 2013.
The port handles around 30 different types of cargo, including raw salt, grain, coal, petroleum and liquid products.
Sime Darby plans to build eight new berths to handle containers, as well as liquid and general cargo, which will be complemented by the construction of a railway track on the west side of the port and access roads connecting the new terminals.
BMT carried out analysis and research on areas including hinterland market, pricing strategy, cost audit and structural integrity study, throughput forecasting, layout design and financial assessment.
BMT Asia Pacific director and chief economist Simon Su said that the development of a business plan is the key foundation to the success of a port or terminal.
"As such we have created business development strategies and action plans for clients and evaluated the most efficient structure and forms of finance," Su said. "We are pleased to be working with Sime Darby, providing the organisation with the port master plan they need to establish a technically and financially viable roadmap, as well as a strategic business model which helps to better position the port for returns on investment."