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|Danang wants to construct Lien Chieu Port for $1.48 billion (Illustration image)|
The Danang City People’s Committee has recently proposed the government to construct Lien Chieu Port as an international gateway port for the key economic region of Central Vietnam. At present, the proposal is being evaluated by the Ministry of Transport (MoT) before being submitted to the prime minister for approval.
According to the city’s proposal, Lien Chieu Port, which would combine five functional areas, including a 50,000DWT (deadweight tonnage) harbour, another harbour which could handle 80,000-100,000DWT container ships with a loading capacity of 5,000-8,000 twenty-foot equivalent unit (TEUs), a liquid cargo harbour handling 10,000DWT ships, and an inland waterway harbour for 1,000-5,000DWT ships, as well as a logistics services area and other infrastructure.
“The project will resolve the overload of the existing Tien Sa Port. Besides, being considered an international gateway port, it will play an important role in helping Danang maintain its position as an economic engine, while simultaneously being a motivation for economic development in the region,” said Huynh Duc Tho, Chairman of the Danang People’s Committee.
According to the pre-feasibility study conducted by Port and Waterway Engineering Consultant JSC (Tediport), the project will include two components. The first component will include a breakwater, fairways, and technical infrastructure, altogether with a total investment capital of VND10.21 trillion ($459.38 million) to be covered from the city’s budget, bank loans and ODA funds.
The second component, with a price tag of VND22.66 trillion ($1.02 billion), will combine harbours, traffic infrastructure, warehouses, workshops, and equipment. The second component will be implemented either under the public-private partnership (PPP) model or by calling capital from the private sector.
The construction of the project will be divided into three phases. The first phase, with a total investment capital of VND7.38 trillion ($331.7 million), is expected to be completed in 2020 and will add a cargo loading capacity of 1.87 million tonnes per year.
The second, VND7.86-trillion ($353.3 million) phase is expected by 2030 and will increase the cargo loading capacity to 17.53 million tonnes per year.
The last phase, worth VND17.63 trillion ($792.5 million), will be completed in 2050 and will buff the port’s annual capacity to 46 million tonnes.
Tho stated that the city will study criteria to select project investors to propose to the prime minister for approval.
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