CAN THO – Song Toan Phat Services Trading Co., Ltd has proposed developing a port complex project worth over VND16 trillion on the bank of the Soai Rap River in Go Cong Dong District of the Mekong Delta province of Tien Giang.
Nguyen Ngoc Phuong Thao, director of Song Toan Phat, said the company had submitted dossiers on the project to the provincial Department of Planning and Investment.
The company wanted to develop a large port complex to facilitate production, business and import-export activities in the province and the region, contributing to socio-economic development in Go Cong Dong District and Tien Giang’s logistics sector.
Moreover, when the project is in place, the local infrastructure system serving the handling of cargo and activities at industrial parks in Tien Giang will be improved.
The port complex was designed to have a capacity of 20-25 million tons of cargo per year. It will be divided into two functional areas with one for international containers and one for domestic cargo and barges transporting building materials.
Of the estimated investment in the project, VND9.6 trillion will be used for construction, over VND3.9 trillion for equipment, VND381.7 billion for site clearance and compensation, VND25 billion for project management, VND108 billion for construction consulting, VND32.6 billion for other expenditures and nearly VND2.2 trillion for backup.
VND3.3 trillion, or 20.5% of the total estimated investment, will be sourced from Song Toan Phat’s budget and the remaining from its partners.
Song Toan Phat has signed a contract with Minh Hai Investment Consultancy and Investment JSC and COMA 25 Construction and Trading JSC to jointly conduct the project.
The project is proposed to have a life span of 49 years since the investment certificate is issued for the project. However, the life span can be extended when suggested by the investor and approved by the competent agencies.
ATAD Steel Structure Corporation has also sought the Tien Giang government’s approval for a port project on the Soai Rap River with an estimated investment of VND800 billion.