CHENGDU, Aug. 11 (NBD) -- Enterprises that build standard multi-storey ramp-up warehouses, cold-chain storage facilities, and green warehousing facilities compliant with national standards or international certification standards in the logistics park of Southwest China's Chengdu city each will be offered one percent of their total investment in subsidies, with the subsidy ceiling set at 5 million yuan (about 750,277.6 U.S. dollars).

The incentive measure is stipulated in the detailed rules for the implementation of policies for innovating factor supply, fostering industrial ecosystem, and improving logistics of national central cities, which was released Thursday, demonstrating the southwestern city's strong push into the new logistics business.

Meanwhile, key logistics informatization projects featuring an investment of more than 10 million yuan (about 1.5 million U.S. dollars) each will receive 2% of the total investment in subsidies, with the maximum amount at 2 million yuan (about 300,111.0 U.S. dollars).

Du Jinyou, Director of the Chengdu Ports and Logistics Administration Office, said at the press conference Thursday that the southwestern city will go all out to improve its international logistics system with logistics hub, international passage, and trading ports open to sea, land, and air at the center.

The capital city of Sichuan province, at the same time, will transform itself from a traditional inland city to a port city by optimizing the layout of logistics facilities, enhancing competitiveness of market players, and strengthening spillover effects of logistics hubs, thereby boosting the quality of trade, industrial development, and international cooperation on production capacity. It will start with the modernization of the logistics industry, and expand the range of services to supply chain management, fourth-party logistics, and other upscale services, Du added.  

Chengdu's logistics industry has been experiencing unprecedented opportunities in recent years.

Zhang Chi, Deputy Director of the Chengdu Ports and Logistics Administration Office, told NBD that while the central line of the Chengdu-Europe Express Railway has been running steadily, the north line will open soon and the south line to Turkey will be put into operation by the end of this year.

Meanwhile, the capital city is ramping up efforts to increase the number of international flights, with a goal to have 120 international routes by 2022.

"Over the next five years, Chengdu will take cities of countries along the 'Belt and Road' as target waypoints, stepping up its pace to build the 'aerial silk road'," Du said to NBD reporters.

By expanding the logistics network, the metropolitan city aims to boost the development of its trading passages.

The regulation released Thursday highly emphasizes the importance of regular cargo flights. Among incentive measures listed are rewards to newly-built cargo airlines and freight transportation enterprises transporting goods to the city's airports as well as discounts in benchmark rates to large manufacturers, trading companies, and freight transportation enterprises featuring huge cargo quantities and steady demand.

Email: lansuying@nbd.com.cn