2:47:21 PM | 13/5/2008
The Vietnamese Ministry of Transport (MoT) has given the nod to a joint venture to build a goods transit port to Laos in the central province of Ha Tinh, the Dau Tu (Investment) newspaper said on May 12.
The port, which will be located in Vung Ang Economic Zone in Ky Anh district, will cost around US$200 million, including US$90 million in the first phase from 2008 to 2010, the newspaper said.
The project includes construction of LPG, petroleum storage system, bonded warehouse, container ground, port, and services to transport and distribute commodities to Laos and northeastern region of Thailand.
The Vietnamese-Lao joint venture consists of the Bank for Investment and Development of Vietnam (BIDV), Vietnam Oil and Gas Group (PetroVietnam), Vina Real Estate Development Ltd., Co. and a Lao firm. The Vietnamese partners will contribute 80 per cent of the project’s capital and the rest from Lao firm. (Investment)
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