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VietNamNews

Singapore investor to build Phoenix port

Update: September, 27/2017 - 17:00
Representatives break the ground for constructing the Phoenix port. — VNA/VNS Photo Phan Quân
Viet Nam News

HÀ NỘI — Phoenix Vũng Áng Việt Nam Company Limited, a subsidiary of Singapore’s Freight Links Capital Pte Ltd, held a groundbreaking ceremony to construct the Phoenix port at the central province of Hà Tĩnh’s Vũng Áng Economic Zone on Wednesday.

The por is located in Vũng Áng port area, Kỳ Lợi Ward, Kỳ Anh District, Hà Tĩnh Province.

The project has total capital investment of VNĐ2.1 trillion (US$92.5 million) and includes a harbour, warehouses, two wharves, a container port and a bulk port with designed capacity of five million tonnes per year, which can accommodate vessels of up to 70,000DWT.

Construction is planned to be completed within 18 months from the date of commencement.

Once operational, the port is expected to promote sea transport under the multimodal transport system; increase export and import of goods in the provinces of Nghệ An, Hà Tĩnh and Quảng Bình; attract domestic and foreign investors to invest in Vũng Áng Economic Zone; and create conditions for Hà Tĩnh to carry out the industrialisation and modernisation programme.

Dương Tất Thắng, vice chairman of Hà Tĩnh Province People’s Committee, requested the investor to concentrate on using its resources to accelerate the project progress and ensure quality and safety of the project. Besides this, the investor must follow seriously legal regulations related to construction and port operation.

Thắng also asked departments and localities to create favourable conditions for investors to complete projects on schedule. — VNS

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