Sunday, July 21 2019

VietNamNews

Construction of $162m port complex gets green light

Update: June, 17/2019 - 07:04

 

 

A port in Dung Quất EZ. Photo bsr.com.vn

HÀ NỘI --- The Dung Quất Economic Zone (EZ) and Quảng Ngãi Industrial Parks (IPs) Authority has granted an approval in principle for Hòa Phát multipurpose port company to develop a large-scale port complex in the central province.

The complex will cost more than VNĐ3.77 trillion (US$162 million) and will be divided into two phases, online newspaper baodautu.vn reported.

In the first stage between now and 2020, a wharf with a length of 300 metres will be built. The wharf which will be eligible to accommodate vessels weighing 50,000DWT along with some other supporting facilities are expected to better meet the import-export demand of enterprises operating in the Dung Quất EZ.

The second stage from 2021 to 2024 will see the development of two more wharves which have a total length of 450 metres. These will have the capacity to handle vessels of up to 50,000 DWT.

The Dung Quất EZ and Quảng Ngãi-based IPs had attracted 18 projects with a total investment of more than $458 million in the past five months of 2019, according to the authority's portal.

The latest addition brought the number of investment projects in these zones to 320 costing $12.37 billion. Of these projects, 57 were foreign-invested with a total registered capital of $1.7 billion while the remainder was funded by domestic investors.

So far, 154 projects have come into operation, creating jobs for nearly 39,000 workers. -- VNS

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