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