Vinalines to build a $185 million port complex
State-owned Vietnam National Shipping Lines (Vinalines) has been given a go-ahead to build a $185 million port complex in central Vietnam's Khanh Hoa province.
The project will see the development of the Van Phong port in Khanh Hoa's Van Phong Economic Zone into an international port facility with two berths able to accommodate vessels able to carry up to 9,000 twenty-foot equivalent units (TEUs) each.
Initial construction is scheduled to begin early next year while completion in 2010 will see the port have the capacity to handle up to 700,000 tonnes of cargo shipments per year.
Officials are counting on Van Phong port to play a key role in the success of the Van Phong Economic Zone project.
Industry players say that Van Phong Bay is close to major sea routes and already is an active international transshipment hub, where Chinese and ASEAN exports transit because shippers want more efficient shipment routes.
This latest go-ahead comes on the back of several other Vietnamese port projects which have been the integral part of a government initiative to spur national economic growth.
One of the 30 key national projects under a master plan for sea ports is the Vinalines-PetroVietnam joint venture to build the $637 million Ben Dinh-Sao Mai port complex in the southern Ba Ria-Vung Tau province. Work on that project is scheduled to begin later this year.
Another major project in the pipeline is the estimated $1.6 billion Lach Huyen port in the northern city of Hai Phong.
Vinalines is mulling an international partnership for that project and Belgium's port of Zeebrugge is expected to undertake construction.
Meanwhile, Japanese firm Penta-Ocean Construction Co Ltd has been contracted by operator SP-PSA to build the first phase of a multi-purpose deep-water port complex at Cai Mep-Thi Vai also in the southern province of Ba Ria-Vung Tau.
This would be Ba Ria-Vung Tau's second major port project besides the Ben Dinh-Sao Mai port complex.
SP-PSA is a joint venture between state-owned Saigon Port and Singapore's PSA International Pte. Ltd.
According to the contract, the $165 million first phase project, scheduled to be completed by 2009, will see initial construction of supporting port infrastructure, a 600-metre berth and a 27 hectares yard.
The second phase development of the port has been estimated at $133 million and is scheduled to be completed in 2017.
Reports say that when both phases of the development project are fully operational, the port will be able to handle up to two million twenty-foot equivalent units (TEUs) per year.
The project will see the development of the Van Phong port in Khanh Hoa's Van Phong Economic Zone into an international port facility with two berths able to accommodate vessels able to carry up to 9,000 twenty-foot equivalent units (TEUs) each.
Initial construction is scheduled to begin early next year while completion in 2010 will see the port have the capacity to handle up to 700,000 tonnes of cargo shipments per year.
Officials are counting on Van Phong port to play a key role in the success of the Van Phong Economic Zone project.
Industry players say that Van Phong Bay is close to major sea routes and already is an active international transshipment hub, where Chinese and ASEAN exports transit because shippers want more efficient shipment routes.
This latest go-ahead comes on the back of several other Vietnamese port projects which have been the integral part of a government initiative to spur national economic growth.
One of the 30 key national projects under a master plan for sea ports is the Vinalines-PetroVietnam joint venture to build the $637 million Ben Dinh-Sao Mai port complex in the southern Ba Ria-Vung Tau province. Work on that project is scheduled to begin later this year.
Another major project in the pipeline is the estimated $1.6 billion Lach Huyen port in the northern city of Hai Phong.
Vinalines is mulling an international partnership for that project and Belgium's port of Zeebrugge is expected to undertake construction.
Meanwhile, Japanese firm Penta-Ocean Construction Co Ltd has been contracted by operator SP-PSA to build the first phase of a multi-purpose deep-water port complex at Cai Mep-Thi Vai also in the southern province of Ba Ria-Vung Tau.
This would be Ba Ria-Vung Tau's second major port project besides the Ben Dinh-Sao Mai port complex.
SP-PSA is a joint venture between state-owned Saigon Port and Singapore's PSA International Pte. Ltd.
According to the contract, the $165 million first phase project, scheduled to be completed by 2009, will see initial construction of supporting port infrastructure, a 600-metre berth and a 27 hectares yard.
The second phase development of the port has been estimated at $133 million and is scheduled to be completed in 2017.
Reports say that when both phases of the development project are fully operational, the port will be able to handle up to two million twenty-foot equivalent units (TEUs) per year.