He stated: Landbridges ports in Asia and Oceania together with PCCP on Margarita Island will be efficiently connected to exploit maritime cooperation, contributing to the economic development of all countries.
China Landbridge, a privately owned firm headquartered in the northern Chinese port of Rizhao, acquired Panamas largest port, at Margarita Island, in May 2016 and announced that it's plans to expand and upgrade the facilities.
Ye Cheng, the president of Landbridge Group, said the port would become one of the world's most important.
The Industry and Logistics Park is a potential site for cold stores and warehouses to support Landbridges existing activities connected with their long-term lease of the Darwin Port.
Tenants of the Landbridge Industry and Logistics Park are expected to be Chinese and Australian businesses focussing on trade between the Territory and Landbridges Chinese base in Rizhao.
Chief Minister Michael Gunner and Mr Ye, Chairman of the Landbridge Group, today announced that Landbridge will develop the Landbridge Industry and Logistics Park for port and trade related logistic activities within the East Arm Logistics Precinct.
The park will be located on a 34-hectare parcel of land along Berrimah Road which was sold to Landbridge by the Territorys Land Development Corporation.
Landbridge is well positioned to attract international investment into their new Industry and Logistics Park and leverage broader trade, commerce and business activity through the Port, Mr Gunner said.