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Japanese interested in building wharf to ship cereals

Update: May, 21/2014 - 08:12

HA NOI (VNS) — Japan's ITOCHU Corporation has proposed the construction of a wharf to transport cereals at Lach Huyen Port in northern Hai Phong City. Capacity of the wharf would be about three million tonnes a year.

The corporation suggested to the Ministry of Transport the project be carried out through a public-private partnership model at a recent meeting with Viet Nam's Ministry of Transport.

At the meeting with the Ministry of Transport, ITOCHU Corporation of Japan proposes to construct a wharf to transport cereals at Lach Huyen port in northern Hai Phong City. — Photo giaothongvantai.com.vn

This project would cover 18ha and need backing of about $150 million. This would be for basic infrastructure worth about $40 million from an official development assistance loan.

Construction would cost $110 million, of which 30 per cent would be from investors, and the remainder offered as a loan from Japan International Cooperation Agency.

Deputy Minister of Transport Nguyen Van Cong said the proposal of ITOCHU Corporation was appropriate for the policies of the Government. — vns


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