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VIETNAM
Infrastructure/Port Construction
July 18, 2007

Japanese firm to build deep-water port
Japanese firm Penta Ocean Construction Co Ltd on July 16 signed a contract with a Vietnamese port administration to build Cai Mep-Thi Vai deep-water port in the southern province of Ba Ria-Vung Tau, VNA reported.

Under the first phase of the US$165 million project Penta Ocean will construct a 600 m long, 14.5 m deep container berth, 27 hectares of loading area, and support infrastructure.

Once completed, it will enable SP-PSA International Port Co Ltd , a joint venture between the Sai Gon Port and Port Singapore Authority Vietnam, to handle large vessels. It will also be connected by extensive road and inland waterway networks with HCM City and the rest of the southern hinterland.

Construction will begin shortly and SP-PSA will be put into operation in less than 24 months. At the signing ceremony, Eiichi Oishi, general manager of the Japanese firm in Vietnam, said Penta Ocean is delighted to win this major contract and to be participating in a key project which forms part of the master plan for the development of southern Vietnam.

When the second and final phase is completed, the terminal will have an annual capacity of 2 million TEUs (twenty-foot equivalent units). Le Cong Minh, general director of Sai Gon Port and chairman of SP-PSA said, “I believe that many shippers and port users are awaiting the completion of the new container terminal”. VNA

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