Vinalines to Invest $300 Mln to Upgrade Vietnam Seaport
Vietnam National Shipping Lines (Vinalines) said it will inject $300 million to upgrade a container seaport in the central Khanh Hoa province, Thoi Bao Kinh Te Viet Nam newspaper reported Tuesday.
Vinalines planned to kick off the upgrading project next year to accommodate huge international cargo vessels, general director Mai Van Phuc noted.
Ba Ngoi seaport with initial investment of VND71 billion ($ 4.4 million) has been handed over to Vinalines since October-end, becoming the 61st seaport under the state-run corporation management.
Vinalines and Vietnam Railway Corp have previously signed a strategic deal to build a railway system linking the Ba Ngoi port to Van Phong port, the regional biggest transit port with estimated investment of $3 billion. (Vietnam Economic Times)
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