Deep water ports magnet for Japanese investment, Vietnam Investment News
Vietnam Business » Vietnam Investment News » Deep water ports magnet for Japanese investment
Apart from Cai Mep-Thi Vai port project in the southern coastal province of Ba Ria-Vung Tau, three major Japanese firms are conducting surveys to provide capital for construction of the Lach Huyen port in the northern city of Hai Phong.
Japanese investors are interested in building and operating deep water ports in Vietnam, said Japanese Deputy Minister of Land-Infrastructure-Transport and Tourism Fujita Takehino in Hanoi on March 10. The Lach Huyen port project will be invested under the form of a Public-Private Partnership (PPP). The first phase will entail to construction of a 700m-long wharf, capable of simultaneously receiving two 100,000-tonne ships and a logistic system. The Japanese International Cooperation Agency (JICA) agreed to fund the construction of a road and a bridge linking Lach Huyen port to the Hanoi-Hai Phong highway. JICA also agreed to provide additional capital to increase the receiving capacity of Cai Mep-Thi Vai port for 100,000 tonne ships from its current limit of 65,000-80,000 tonne ships.
Vietnam Business And Financial News Network. Source [english.vovnews.vn]
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