1.32 billion USD logistics centre planned in Ba Ria-Vung Tau

Economy, Vietnam, Vietnam Finance News

VNA
Wednesday, March 13, 2019 – 21:39:00 Print

Illustrative image (Source: VNA)

Hanoi (VNA) – A joint venture between the Hanoi Export-Import
Company (Geleximco) and International Transportation and Trading Joint Stock
Company (ITC) has proposed building a logistics centre and Cai Mep Ha habour in
southern Ba Ria-Vung Tau province.

According to the proposal, the logistics centre, which is
under Cai Mep-Thi Vai port complex, would cover an area of 1,000ha and the
habour could cover 105ha. They would require total investment of around 30.61
trillion VND (1.32 billion USD). The project is expected to create jobs for
some 15,000 to 20,000 people.

The project’s target is to provide sea port services and
goods storage in bond warehouses, frozen warehouses and others with a capacity
of three million twenty-foot equivalent units (TEU) per year.

The Cai Mep – Thi Vai is a deep-water port which could
receive large container vessels of up to 20,000 deadweight tonnage (DWT),
carrying 18,000 TEU capacity and capable of international goods transport.

Investors said the project would be a closed complex to help
reduce customs and import-export fees and contribute to the country’s economic
development, especially in the southern area and the province’s industrial
parks.

The Cai Mep-Thi Vai port complex is one of the key ports in
the region. The port system is one of only 19 in the world capable of handling
190,000 DWT vessels.-VNA

QBCA

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