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IE Singapore, Guangxi ink pact to develop 'Southern Transport Corridor'
INTERNATIONAL Enterprise (IE) Singapore signed a Memorandum of Understanding (MOU) with the Guangxi Zhuang Autonomous Region Government on Friday to jointly improve connectivity between Western China and South-east Asia via Guangxi.
The Singapore-Guangxi Integrated Logistics Park (SGILP) will be developed by Pacific International Logistics (PIL) in Nanning city.
The MOU was signed by Lee Ark Boon, chief executive officer (CEO) of IE Singapore and Zhang Xiaoqin, Vice-Chairman of the Guangxi Zhuang Autonomous Region.
Koh Poh Koon, Minister of State for National Development, and Trade and Industry, witnessed the signing with Peng Qinghua, Guangxi Party Secretary.
The MOU will focus on exploring the development of the proposed "Southern Transport Corridor" connecting Chongqing and Guangxi to Singapore.
The "corridor" will connect Western China and South-east Asia via Guangxi and Singapore, and add value to Singapore's position as a key global node.
The pact will also support the development of the SGILP in Nanning city. The three square kilometre park will consolidate supply and provide world-class logistics solutions such as central warehousing, cold chain management and multimodal transportation.
The MOU also serves to strengthen collaboration in Smart City and Technology developments, trade and internationalisation.
Dr Koh said: "This partnership strengthens Guangxi's position as China's pathway to South-east Asia. Importantly, this allows us to capitalise on the Belt and Road initiative to promote interconnectivity and strengthen Singapore's role as a key node for global connectivity."