A corner of Lạch Huyện Port in the northern city of Hải Phòng. The port is expected to open terminals 3 and 4. — Photo Vinalines
HÀ NỘI — Nearly VNĐ7 trillion (US$300.8 million) will be invested in building two international container terminals in the northern city of Hải Phòng’s Lạch Huyện Port next year.
The investment has been approved by Prime Minister Nguyễn Xuân Phúc.
Terminal 3 and 4 will have a total length of 750m and be able to receive vessels with tonnage of 100,000DWT. It is being invested by Hải Phòng Port Joint Stock Company, a member of State-owned shipping firm Việt Nam National Shipping Lines (Vinalines).
The project will start in 2020 and be completed by 2025. Terminal 3 will be operational by 2022.
PM Phúc has assigned the Ministry of Planning and Investment to update and complete the project’s assessment report and draft a prime ministerial decision on investment in the two container terminals to be submitted it to him for an official decision.
He also assigned the Ministry of Transport to collaborate with the Hải Phòng People’s Committee and relevant agencies to adjust development planning at local ports, ensuring connectivity for vehicles in the region and working with general infrastructure development planning. — VNS