Work on world-class port underway in Hai Phong
HAI PHONG (VNS)— Construction of an international port in northern Hai Phong City began yesterday to be completed in 2016.
The port will have modern cargo-handling equipment and be capable of receiving container ships of up to 8,000 TEU (the Twenty-foot Equivalent Unit is based on the volume of a 20-foot-long (6.1m) container).
Core infrastructure will be built in Lach Huyen port area in Cat Hai island district, according to a plan that took nine years to prepare.
Prime Minister Nguyen Tan Dung said the port's construction was important to the socio-economic development of the region, particularly when the existing Hai Phong port is overloaded and fails to meet the growing demand of marine transportation.
Dung thanked the Japanese Government for its financial and technical support, expressing his belief that the strategic partnership between the two countries will reap further positive results for the common goal of peace and prosperity in the Asia-Pacific region.
Construction of the port is divided into two parts. Part 1 covers the building of port infrastructure. It is being managed by the Viet Nam Marine Administration with investment of over VND18.6 trillion (US$885 million) sourced from Official Development Assistance and the State budget. Part 2, a joint venture of Vietnamese and Japanese enterprises with more than VND6.57 trillion ($315 million) in investment, will build two wharves with a total length of 750m, capable of handling 100,000-tonne container ships.
Once operating, the port will cater for goods going to northern region to US and European markets without having to go through Singapore or Hong Kong ports.