Wednesday, July 17 2019

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Hòa Phát Dung Quất port project gets approval

Update: June, 20/2019 - 15:44

 

Dung Quất Economic Zone in the central province of Quảng Ngãi. — Photo baodautu.vn

QUẢNG NGÃI — Dung Quất Economic Zone and Quảng Ngãi’s industrial zone management board have approved a project by Hòa Phát Multi Purpose Port Joint Stock Company to build a general and container port worth more than VNĐ3.77 trillion (US$162.5 million).

The port is expected to process 5-6 million tonnes of goods each year.

In the first phase of the project from 2019 to 2020, the company will build a 300m-long wharf that can deal with cargo vessels with loads of up to 50,000DWT and other facilities to meet import-export demands in Dung Quất Economic Zone.

In the second phase from 2021 to 2024, two other wharves will be constructed with a total length of 450m to deal with vessels with loads above 50,000DWT.

Once the port is operational, it is expected to create regular jobs for 350 local people.

According to the economic zone management board, Dung Quất Economic Zone is developing rapidly and attracting big projects. However, only eight of the existing ports in the zone can deal with vessels with loads of 50,000-70,000DWT.

Last year, as much as 20 million tonnes of goods were transferred via the ports. — VNS

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