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Tuesday, December 17, 2024

Multiple major foreign investors eye Lien Chieu port project: PM

The Saigon Times

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HCMC – The Lien Chieu port project in Danang City has attracted huge interest from major international investors, including large corporations from India, Japan, and other countries, said Prime Minister Pham Minh Chinh.

On September 1, Chinh visited several key projects in Danang, including the Lien Chieu port. The port’s strategic logistical position has drawn interest from major corporations like India’s Adani Group and Japan’s Sumitomo Group, he noted.

The PM urged Danang authorities, relevant ministries, businesses, and investors to work together to ensure the completion of the port’s infrastructure and the coastal road by August 30, 2025. He also emphasized the importance of creating a favorable business investment environment to boost the area’s attractiveness.

Lien Chieu is one of Vietnam’s three deep-water ports, designated as a special port capable of handling general cargo and bulk carriers of up to 100,000 tons, as well as container ships with a capacity of 6,000 to 8,000 TEUs.

Located in Hoa Hiep Bac Ward, Lien Chieu District, the port covers a total area of 450 hectares and comprises two main components. Component A involves shared infrastructure with an investment of over VND3.4 trillion, funded by the State and city budgets. Component B, funded by the private sector, has a projected total investment of more than VND48.3 trillion.

Work on the project began at the end of 2022, with 67% of the shared infrastructure construction currently completed, according to Le Thanh Hung, director of the Management Board for Danang’s Priority Infrastructure Investment Projects.

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