QUẢNG TRỊ — A project to build the Mỹ Thủy Port kicked off on Thursday in the central province of Quảng Trị.

The project, which will be located in Đông Nam Economic Zone in Hải An Commune, Hải Lăng District, will cost over VNĐ14.23 trillion (US$608 million), over VNĐ2 trillion ($87 million) of which will come from the investor Mỹ Thủy International Port Joint Venture Company and the remainder from other sources. 

The 685ha port will be home to 10 wharves capable of receiving vessels of up to 100,000 tonnes. 

During the first stage from 2018-25, four wharves will be built with an investment of nearly VNĐ5 trillion ($217.4 million). There will be another three constructed at the same cost during the second stage from 2026-31, and the remaining three worth more than VNĐ4.3 trillion ($187 million) in the third stage from 2032-36. 

The port will mainly serve the Đông Nam Economic Zone, industrial zones in Quảng Trị, and cargo in transit from Laos and the northeast region of Thailand on the East-West economic corridor.

Speaking at the launch ceremony, Nguyễn Quân Chính, deputy chairman of the Quảng Trị People’s Committee, said it was a very important project in the province which had received attention from provincial leaders and sectors.

The port will play an important role in developing the province’s economy.

The province would create favourable conditions to ensure the project is on schedule.

The project was approved by Prime Minister Nguyễn Xuân Phúc in Decision 16/QĐ-TTg issued on January 4 last year. — VNS