Hong Kong-based port-to-telecommunication conglomerate Hutchison Whampoa<13> announced on Thursday its port unit Hutchison Port Holdings (HPH) has clinched a 25-year port operation contract with Ports of Stockholm Group, the South China Morning Post reported.

Pursuant to the agreement, HPH will be entitled to operate Frihamnen container terminal and develop a container port in Stockholm, capital of Sweden.

Meanwhile, it was also granted a 25-year contract to develop and operate a new container terminal, which is designed to be developed in three phases and commerce operation in 2012.

Separately, the Hong Kong-based terminal operator earlier this month had signed an agreement with Shenzhen Yan Tian Port Holdings Co Ltd<000088> to jointly construct and develop the Shenzhen Yan Tian East Port Phase 1 container terminal project in Shenzhen, China Knowledge reported.

Source:China Knowledge