The first phase of Enrui International Logistics Park based in Changsha in China's Hunan Province has been officially opened, as reported by local media in Hunan. The park also includes a steel logistics complex and will be the largest logistics park in southern China. Construction has already started on the second phase of the park.
Companies such as China Minmetals Co, China Railways Logistics, and Baosteel Mitsui & Co., have signed agreements with the park authorities.
With a total planned investment of RMB 3.8 billion ($610 million) and located on a site of 2,000 acres, Enrui International Logistics Park is expected to achieve an overall annual spot transaction total of RMB 60 billion ($9.6 billion) with annual pre-tax profits of RMB 1 billion ($161 million) after completion. Meanwhile, it will create over 10,000 jobs. The park will attract about 3,000 companies, including logistics companies, manufacturing and processing companies, commercial companies, etc. The steel processing center at the park had already begun trial operation in March this year.