HCMC – A consortium consisting of Vietnam Maritime Corporation, Saigon Port JSC and Terminal Investment Limited Holding S.A. has been selected as the investor for the big-ticket Can Gio International Transshipment Port project.
The HCMC People’s Committee has issued a decision approving the selection of the consortium for the project which will cost an estimated VND128.9 trillion, equivalent to about US$4.9 billion.
Terminal Investment Limited Holding S.A., an affiliate of Mediterranean Shipping Company (MSC), holds a 49% stake.
The decision is based on the investment policy approved by the prime minister, along with special mechanisms granted to HCMC by the National Assembly.
The Can Gio International Transshipment Port will cover around 571 hectares, with a total planned main berth length of about 7.5 kilometers. Its designed capacity is expected to reach 4.8 million TEUs by 2030 and 16.9 million TEUs by 2047.
The port will be able to accommodate vessels of up to 250,000 tons, equivalent to 24,000 TEUs, or larger subject to conditions. It is expected to have total cargo throughput of 22.8 million to 57 million tons, corresponding to 2.4 million to 4.8 million TEUs.
By 2050, the port would have around 13 terminals to meet growing demand for international container transshipment and cargo volumes.
