The total investment of the project at Lach Huyen International Gateway Port is VND6.946 trillion ($307 million), 45 per cent of which will come from Haiphong Port JSC and the remaining from loans.
Haiphong Port JSC (under Vietnam National Shipping Lines–Vinalines) has just sent a document to the Ministry of Transport proposing to build two container terminals in Lach Huyen Port (at DEEP C Industrial Zones in Cat Hai district).
Accordingly, the firm proposed to build the two container terminals with the total length of 750m and the capacity to receive 100,000-DWT ships. Additionally, the proposal would also include a barge berth where 100-160-TEU barges could arrive. Technical items will be built synchronously to meet the flow of 1-1.1 million TEUs of goods annually.
The total investment of the project is estimated at VND6.946 trillion ($307 million), 45 per cent of which would come from Haiphong Port JSC and the remaining from loans. If the Ministry of Transport (MoT) approves the project, it will be developed this year.
In addition to cargo transportation, the project contributes to the key role of Haiphong Port JSC and Vinalines in the maritime sector.
According to Decision No.2367/QD-BGTVT dated July 29, 2017 of MoT on approving the plan of the northern seaports by 2020 with a vision to 2030, Lach Huyen Port will be prioritised for development to raise its capacity and contribute to Vietnamese and international goods export-import activities. The port is estimated to have nine terminals with total length of 3,000m by 2020.