Vinacomin to Build VND20T Seaport in Central Vietnam Late This Year
The state-owned Vietnam National Coal and Mineral Industries Group (Vinacomin) will start building a seaport in Dec in the central province of Binh Thuan at a cost of VND20 trillion ($1.04 billion) versus the initial estimate of $700 million.
The Ke Ga seaport project will be developed in three phases with the first scheduled for completion within two years, has an annual throughput capacity of 3.5 million tons, the the Thoi bao Kinh te Saigon newspaper cited head of Vinacomin’s investment board Vu Van Long.
Vinacomin will self-arrange capital to implement the first phase on schedule after three times of delay, Long said, adding that once full completed, the seaport expected to handle 35 million tons per year by 2020.
Long noted that the country’s top miner now considers selecting a Spanish company to build the Ke Ga seaport. (STD)
Vietnamese
