China News Service, Haikou, May 9 (Reporter Wang Xiaobin) The reporter learned from Hainan Transportation Investment Holding Group Co., Ltd. (referred to as Hainan Transportation Investment) on the 9th that the Hainan Transportation Investment Gaopaigang Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as the “Gaopaigang Special Fund”) has been approved and registered by the Asset Management Association of China. It is the first special fund in Hainan approved to introduce social capital to serve major port projects through a fund model.
The Gaopaigang Special Fund was initiated and established by Hainan Transportation Investment’s subsidiary, Hainan Transportation Control Equity Investment Private Fund Management Co., Ltd., with a total scale of 350 million yuan. It is jointly funded by multiple social capital parties, strictly operates in accordance with the regulatory requirements for private funds, and constructs an investment and financing model featuring state-owned enterprise leadership, social participation, market operation, and risk sharing.
The fund focuses on the key project of the first phase of the Gaopaigang Port Area of Basuo Port, investing 300 million yuan to hold a 26.04% equity stake in the project company. Hainan Transportation Investment stated that the fund integrates the credit advantages of state-owned capital with the vitality of social capital, solving problems such as insufficient capital for major port projects and single financing channels. This marks a breakthrough in the innovation of port infrastructure investment and financing in the Free Trade Port, providing replicable and scalable Hainan experience for the investment and financing of major transportation and port infrastructure in the Free Trade Port.
According to reports, the total investment for the first phase of the Gaopaigang Port Area of Basuo Port is 2.765 billion yuan. It will construct one 70,000-ton general berth and one 30,000-ton multi-purpose berth, with a designed annual throughput capacity of 6.7 million tons. The project is scheduled to be completed in May 2028. It is the first key port project in Hainan Province to be self-invested, self-built, and self-operated by a provincial state-owned enterprise. Upon completion, the project will optimize the linkage pattern between “Yangpu Port and Basuo Port,” serve the development of the western coastal industries, and support the construction of the western industrial corridor of the Hainan Free Trade Port and the New Western Land-Sea Corridor. (End)
