PSA set to make Yangtze Delta debut

[SINGAPORE] Port operator PSA International will form a joint venture to run Lianyungang Port in China's Yangtze River Delta, the government-linked company announced yesterday.

PSA said that it had inked a deal with Lianyungang Port Group to take a stake in the company that will take over the port project from China Shipping Container Lines following completion of the deal.

PSA declined to reveal the size of its stake and how much it is paying.