Consultant reveals design of $5.4bn transshipment port in Ho Chi Minh City

By tuoitre.vn - 28/06/2023

Portcoast Consultant Corporation, the consulting unit and investor of the Can Gio international transshipment port project in the namesake outlying district of Ho Chi Minh City, has publicized the design for it, which requires an estimated investment of nearly US$5.4 billion.

Portcoast said it had assessed the impact of the project on the environment in line with the law.

The port will be developed in the Cai Mep Estuary with favorable connectivity with navigational channels and waterways.

Shipping activities are plentiful on the Cai Mep-Thi Vai shipping route, so the development of a transshipment port will not affect the current ecosystem in the area.

The project will be isolated from the core zone of the Can Gio Mangrove Biosphere Reserve and protected marine areas in Ho Chi Minh City, which is completely appropriate to the national environmental protection strategy.

Modern technology will be employed during the port construction, thus reducing the impact on the environment.

The Ho Chi Minh City Department of Transport has submitted a study of the port project to the municipal People’s Committee.

Upon completion, the port will play a great role in the development of the marine economy in the southern key economic zone and the country as a whole and help Ho Chi Minh City maintain its position as a logistics hub in the region and develop its sea transport.

The port is expected to create tens of thousands of jobs, contribute VND34-40 trillion ($1.4-1.7 billion) to the state budget per year, and attract huge investment from enterprises to develop modern infrastructure facilities.

Thanh Ha - Thu Dung / Tuoi Tre News