Wednesday 30 January 2013

Infrastructure: Vietnam Inaugurates Japan-funded Int’l Port Complex

Vietnam’s Ministry of Transport and the Japanese International Cooperation Agency (JICA) jointly inaugurated Thi Vai-Cai Mep international port complex in Ba Ria-Vung Tau province’s Tan Thanh district.
The project, with total cost of VND13 trillion ($619 million), the majority of which comes from the JICA, was started in Oct 2008 by the Ministry of Transport’s Project Management Unit 85 (PMU85).
The first of the six bidding packages is building Cai Mep container port capable of receiving 100,000DWT ships and the second one is building Thi Vai port capable of receiving 50,000DWT ships.
Approved in 2004, the project was completed with the participation of some Japan contractors including Toa-Toyo, Penta-Rinkai, Penta-Toyo, IHI-MES and two domestic contractors including Cienco6-Truong Son and Maritime Safety Corp. In addition, Japanese JPC-Nippon Koei was the major supervisor of the project.
The project aims to form a system of consistent deep water seaports, infrastructure facilities and modern logistics services to meet the increasing demand for transportation in the southern region.
The complex will support direct maritime routes from Vietnam to other countries and cut travel time and cost, helping speed up the relocation of ports to HCM City’s suburban areas and ease traffic pressure in the city.
According to the Vietnam Port Association (VPA), Vietnam has 30 ports with 166 harbors and 350 wharfs. The logistics industry has attracted a number of foreign investors.
Toan Viet Limited Company

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