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A consortium consisting of Vietnamese State Capital Funding Company (SCIC), Hanoi-based Geleximco Group, and Ho Chi Minh Metropolis-based Worldwide Transportation and Buying and selling (ITC) plans to construct a cargo port in Ba Ria in southern Vietnam.
The cargo port, with an estimated value of VND 50.82trn ($2bn), will probably be achieved in two phases. In accordance with the nation’s Ministry of Transport, the primary section of the venture will probably be carried out till 2030, involving investments in two docks to accommodate ships as much as 250,000 dwt.
At the moment, the Ba Ria – Vung Tau seaport has seven berths designed with a container dealing with capability of as much as 7.66 million teu per 12 months. The typical container throughput over the previous three years has exceeded 8m teu per 12 months which is over the designed capability of the container berths.
The ministry believes that Part 1 of the venture is in sync with Vietnam’s general plan for seaports concerning ship dimension and performance.
Nonetheless, the ministry acknowledged that the investor should present proof of its monetary means to supply capital for such a big funding to be authorised for the venture.
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