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Thursday, February 6, 2025

Soc Trang seeks VND19.4 trillion in public investment for Tran De seaport

The Saigon Times

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HCMC – Soc Trang Province has proposed that the Government prioritize investing in key components of Tran De seaport, with total state funding of VND19.4 trillion, scheduled for implementation in 2026.

Tran De Port will feature multipurpose berths, container terminals, bulk cargo wharves, and passenger terminals, according to Vietnam’s seaport system development plan for 2021-2030, with a vision toward 2050.

Tran De is planned to function as an offshore gateway port for the Mekong Delta region. It will accommodate general-cargo vessels, 100,000-DWT container vessels, 160,000-DWT bulk carriers.

The preliminary total cost of the Tran De Port project is estimated at VND162.7 trillion. Of the total, the initial phase will require VND44.7 trillion, with VND19.4 trillion of it coming from the state budget and VND25.3 trillion from the private sector.

The local government acknowledges that the Tran De Port project requires significant investment, with a slow capital recovery, and is located in a particularly challenging area.

In addition to attracting private investment for the port’s terminals, it is essential to allocate state funds for the development of public maritime infrastructure, including a sea-crossing bridge and a road connecting the Chau Doc- Can Tho-Soc Trang expressway and Tran De Port.

Therefore, the Soc Trang People’s Committee asked the Ministry of Transport to consider and approve the proposal to present to the central Government for prioritizing investment in the 2025-2030 period for several key components.

They comprise a road connecting to the offshore Tran De terminal, the sea-crossing bridge, dikes, shipping channels, and turning basins, with a total investment of VND19.4 trillion.

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