The government of Vietnam has approved a US$147 million investment in building infrastructure at the Lien Chieu port in Da Nang, a project expected to launch construction this year and to be completed by 2025.
Once operational, the port will be able to handle container vessels with a capacity of 6,000-8,000TEU and general cargos and bulk carriers at maximum 100,000 tonnes. Additionally, construction works will include breakwater embankments, breakwaters and ship passages.
[s2If is_user_logged_in()]The majority of the total investment (US$129.3 million) will come from Vietnam’s budget between 2021 and 2025 and the remaining will be completed from Da Nang’s budget.
Infrastructure expert John Yeap of Pinsent Masons, the law firm behind Out-Law, commented, “Coastal ports form an important component of Vietnam’s export orientated economy. This investment in expanding the capacity of its ports will help its ability to service the expected increase in exports including from companies looking to or having relocated manufacturing bases to Vietnam.”
The project was approved by Vietnam’s former prime minister Nguyen Xuan Phun who was later elected as the state president.
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