Vietnam unveils port project
Vietnam National Shipping Lines (Vinalines) and PetroVietnam have won the rights to develop a complex of facilities for oil and gas services in Vietnam's southern province of Ba Ria-Vung Tau.
Vietnam Deputy Prime Minister Nguyen Sinh Hung has agreed a plan by Vinalines and PetroVietnam, two state-run companies, to develop a port complex in the Ben Dinh-Sao Mai area, the Saigon Times reported today.
This port complex will have facilities supplying oil and gas services and container handling services, shipyards and a petroleum depot.
When completed, the port complex will have a handling capacity of 25-50 million metric tonnes (mt) per year.
The Ministry of Transport and Communications had already put Ben Dinh-Sao Mai on its list of thirty key national projects for development in the 2006-10 period.
Early this month, Vinalines and the China Merchants Group (CMG) signed a memorandum of understanding to construct the port complex.
Work on the project, estimated to cost around $1 billion, is scheduled to start by the end of this year.
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| Vietnam has thirty key development projects in its modernisation drive |
This port complex will have facilities supplying oil and gas services and container handling services, shipyards and a petroleum depot.
When completed, the port complex will have a handling capacity of 25-50 million metric tonnes (mt) per year.
The Ministry of Transport and Communications had already put Ben Dinh-Sao Mai on its list of thirty key national projects for development in the 2006-10 period.
Early this month, Vinalines and the China Merchants Group (CMG) signed a memorandum of understanding to construct the port complex.
Work on the project, estimated to cost around $1 billion, is scheduled to start by the end of this year.
The port when fully operational will have six container berths capable of handling ships of 100,000 deadweight tonnes (dwt).
Cowan Thant Zin | Tue Apr 17 07:50 GMT 2007