GUANGZHOU, May 17 (Xinhua) -- China Merchants Group (CMG) announced it will invest 500 million U.S. dollars to build a trade and logistics park in the China-Belarus industrial park and establish a logistics passage from south China to central Asia and Europe through the cargo trains from China to Europe.
The China-Belarus industrial park is located 25 kilometers far from Minsk, the capital of Belarus. With a total planned area of 90 square kilometers, the park started construction in 2013, and now it is home to companies such as the CMG, ZTE Corporation and Zoomlion Heavy Industry Science & Technology Company.
At the meantime of building the trade and logistics park, the CMG is also preparing to launch the project of China-Europelogistics passage in order to develop the industrial park to an important node on the Silk Road Economic Belt.
Hu Yong, director of the regional development department of the CMG, said the Pearl River Delta borders Hong Kong andMacao, and also an intersection of the Silk Road Economic Belt and the 21st Maritime Silk Road. The group will also build alogistics passage through the China-Europe cargo railways that connects south China with the central Asia, Belarus and Europe.
The CMG is a leading state-owned conglomerate based in Hong Kong, and it is also listed as one of the four Chinese-fundedenterprises in Hong Kong. (Edited by Yang Qi, kateqiyang@xinhua.org)
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