CHONGQING, China, June 25 (Bernama-AsiaNet) — A smart logistics joint-venture began construction on June 18. Covering an area of 326 mu (21.7 hectares) with a total investment of US$250 million, the project is jointly developed by Singapore’s Freight Links Group, Figtree Group and Chongqing Pucheng Logistics Co., Ltd.
This project is one of the first under China Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, which includes one smart logistics park and three business segments. The smart logistics park can enable intelligent parking, registration, positioning and real-time transmission of traffic conditions as well as real-time monitoring of energy, traffic, environment conditions in the park. The three business segments include international multi-model transport, domestic transport and intra-city supply chain, covering its core businesses in the global market.