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China's Pinglu Canal, the first modern river-to-sea waterway, opens on Wednesday, expected to cut shipping distances to Southeast Asia by ~560km and logistics costs by 18-30%
The 134km canal, which links the Xijiang River with the Beibu Gulf, aims to provide a shorter route to the sea for vast areas of southwest China. The project cost approximately $10.8 billion (72.7 billion yuan) and is part of China's New International Land-Sea Trade Corridor and Belt and Road Initiative. It is estimated to reduce transport costs by over $700 million (5 billion yuan) annually.
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