Vietnamese Govt Okays Proposals for Int'l Seaports

Deputy Prime Minister Hoang Trung Hai has recently approved proposals from relevant authorities and investors on speeding up construction on the Van Phong International Transit Port and the Haiphong International Gateway Port.

 

To accelerate the building of the US$200 million Van Phong International Transit Port in Khanh Hoa province, the deputy PM approved the Ministry of Transport proposal to authorize Vietnam National Shipping Lines (Vinalines) to make direct decisions on related issues in future.

 

Hai has also allowed Vinalines to calculate the total amount of investment capital needed for the project and then outline schemes to mobilize sufficient funds for it.

 

Regarding the choice of contractors for tendering, especially those for building the first two wharfs, Hai has requested the Ministry of Transport to call for prestigious and experienced foreign investors that have enough financial capability to join the project.

 

Once being completed, Van Phong will be one of the largest ports in Asia, which can receive container ships of up to 10,000 -12,000 tons.

 

Hai has also assigned the Ministry of Industry and Trade to approve the site where the 2,640MW Van Phong Thermo power plant will be built in Khanh Hoa province.

 

The project will cost US$3.8 billion and is scheduled for commercial operations by the end of 2014 and be completed 2015.

 

For the Haiphong International Gateway Port, Hai has approved relevant authorities’ proposal that US$8 million be used to upgrade the port’s facilities to make it ready for the task of calling for ODA for the second phase of building.

 

Located in Cat Hai District, in the north of Haiphong City, the 472-hectare port is worth over US$435 million. It has a total berth length of 3,200 meters for vessels with a capacity of 80,000 DWT. The port’s cargo capacity is 35 million tons a year. (Liberated Saigon)