ITC spends VND600 billion to buy cranes
By Dinh Dung - The Saigon Times Daily
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| Representatives of ITC and foreign partners at the contract signing ceremony to buy cranes for ITC Phu Huu International Port in HCMC - Photo: Courtesy of ITC |
HCMC – International Transportation and Trading Joint Stock Co. (ITC) on Wednesday signed a contract worth some VND600 billion with Germany’s Kocks Krane and Finland’s Cargotec to buy cranes for ITC International Port located in HCMC’s District 9.
Under the contract, the foreign partners will supply 40-ton Ship To Shore (STS) cranes produced by Kocks Krane and Rubber Tire Gantry (RTG) cranes of the same capacity.
According to ITC, these machines are of the ‘green technology,’ friendly to the environment and totally run on electricity instead of DO oil. Besides, they can generate electricity and reduce the energy consumption by over 30%, creating the competitive advantage for the port with low costs.
In the plan’s first phase, ITC will buy four STS cranes and eight RTG ones with half of these products handed over in next year’s first quarter to ensure the operating schedule of the port.
Having an investment of over US$180 million, the port started construction in June 2010 over an area of 41 hectares in Phu Huu Ward, District 9. The port can handle 2,000-TEU container ships and 36,000-DWT ships.
In the first phase, the 600-meter pier is set for operation in the second quarter of next year.