Updated  
May, 25 2011 09:21:36

Work halted on port construction

Ships in Van Phong Bay in the southern central province of Khanh Hoa, Construction of the Van Phong International Port in the province has been suspended for a year with no indication of a resumption date. — VNA/VNS Photo Le Ba Duong

Ships in Van Phong Bay in the southern central province of Khanh Hoa, Construction of the Van Phong International Port in the province has been suspended for a year with no indication of a resumption date. — VNA/VNS Photo Le Ba Duong

KHANH HOA — Construction of the Van Phong International Port in the southern central province of Khanh Hoa has been suspended for one year with no indication of a resumption date.

"Construction will resume pending a decision by the Prime Minister", said Nguyen Ngoc Quy, director of the Viet Nam National Shipping Lines (Vinalines) Management Board of Marine Projects No 1, in charge of managing the project.

Port construction began at the end of October 2009 in Van Thanh Commune, Van Ninh District.

The port, with a total investment of US$3.6 billion, is hoped to become the hub of Viet Nam. Construction is set to reach completion after 2020, according to the project investor Vinalines.

With only five months left for completing the first phase construction, which would enable the port to handle container ships of up to 9,000TEU, the building site remains deserted.

Construction had been suspended due to a geological recheck, Quy said.

Initial explorative drilling did little to encompass area geology, causing faults in pile design. To date, only 6 per cent of the total number of piles, priced at VND10 million ($476) per metre, has been completed.

The project has been faced with a number of obstacles apart from those related to geology, Quy said.

"It has been extremely difficult to mobilise capital for a huge project such as the Van Phong Port, current interest rates being so high," Quy added.

Deputy director of the Van Phong Economic Zone Management Board Hoang Dinh Phi said that Vinalines were committed to ensuring sufficient capital for project completion.

An additional problem relates to port design, which has changed continually. At first, the port was planned to handle container ships of 6,000TEU, then of 8,000TEU and finally of 9,000TEU.

Rapid economic development had increased the demand for goods transportation, Quy said. The Thi Vai – Cai Mep Port in nearby Ba Ria – Vung Tau Province is already capable of handling 9,000TEU container ships.

The current design also needed changing in order to keep abreast of development, he added. The Government had agreed with Vinalines in changing port design to enable it to handle 12,000TEU and 15,000TEU container ships. Quy could not confirm when work would be resumed.

According to a Khanh Hoa People's Committee report, the Van Phong Economic Zone has attracted 101 projects, of which only 16 have come into full operation.

Slow progress is rife, especially at the $4.5 billion Nam Van Phong Oil Refinery, and the $3.8 billion Van Phong Electricity Centre.

According to experts, the Van Phong International Port will play a key role in the development of the Van Phong Economic Zone, despite slow progress having hampered investment in the area. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

PM meets acclaimed local mathematician PM meets acclaimed local mathematician

Prime Minister Nguyen Tan Dung yesterday met Professor Ngo Bao Chau, the first Vietnamese to win the Fields Medal, the highest professional honour a mathematician can attain, and the Education Dialogue Group.

Scholars discuss East Sea dispute at int'l conference Scholars discuss East Sea dispute at int'l conference

The East Sea dispute will continue in the near future and urgent solutions should be found to manage the conflict and resolve it without force or the threat to use force and protect the rights of fishermen in traditional fishing grounds, an international conference that opened in HCM City yesterday agreed.

Police look into scam claims at pagoda Police look into scam claims at pagoda

Police are investigating rumors that a pagoda in Long Bien District is selling children for adoption.

A Vietnamese and a Chinese arrested for ivory smuggling A Vietnamese and a Chinese arrested for ivory smuggling

Customs officials have arrested a Chinese woman and a Vietnamese man at Suvarnabhumi Airport after they allegedly tried to smuggle out elephant tusks and ivory products worth about BAT9 million.

Places for a vacation: Son Doong Cave Places for a vacation: Son Doong Cave

Son Doong Cave in Viet Nam's Quang Binh Province has been suggested by the American news website huffingtonpost.com as one of the places to visit in 20 years.