$250m for international port in Hai Phong

Vietnam National Shipping Lines (Vinalines) has entered into negotiations with three Japanese partners: Itochu, Mitsui O.S.K Lines and NYK to build Hai Phong International Port in Lach Huyen estuary, Chanh River, Cat Hai district with 250 million dollar of investment.

The investors will build two 750 meter container piers, covering 53.8 hectares on PPP (public-private partnership) basis. The state will invest on infrastructure construction such as road system, breaker and the companies on water front and loading equipment…

Vinalines and three Japanese companies are negotiating on joint venture company’s establishment for port investment and construction. The sides would seek capital loan for the joint venture company in coming time from Japan Bank for International Corporation (JBIC). The project is expected to be put into operation in 2016. – TBKTVN

Tags: Hai Phong international port

Posted by VBN on Aug 16 2010. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry