Japan finances Vietnam's two mega projects
 |
| Long Thanh International Airport - illustration photo |
The funding will be used for the construction of Lach Huyen port in the north and Long Thanh International Airport in the south, according to the Japanese daily of Nikkei.
Lach Huyen port is to cost an estimated 140 billion yen, with 120 billion yen to be covered by yen loans and the remainder jointly shouldered by Itochu Corp., Nippon Yusen KK and Mitsui O.S.K. Lines Ltd.
Construction of the port is expected to begin in 2015 by a joint venture formed by the Japanese companies said above and the Vietnam National Shipping Lines (Vinalines).
Long Thanh International Airport is estimated to cost over 300 billion yen.
Once completed, the airport will become one of the largest in Southeast Asia, with an annual capacity of 100 million passengers, mostly on international routes, and five million metric tons of cargo.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- IMF predicts Vietnam's economic growth to reach 6.1 per cent in 2024 (September 30, 2024 | 18:26)
- Deli Group breaks ground on $270 million factory in Hai Duong (September 30, 2024 | 18:17)
- Government considering tax on multiple properties (September 27, 2024 | 20:17)
- Accuracy more vital than ever in dawn of AI (September 26, 2024 | 20:44)
- Vietnam remains attractive destination for US businesses (September 26, 2024 | 20:23)
- New innovation centre inaugurated during HEF 2024 (September 25, 2024 | 09:00)
- China's Geely to build $168 million automobile facility with Tasco in Thai Binh (September 24, 2024 | 19:03)
- Spate of claims made in typhoon aftermath (September 19, 2024 | 17:00)
- SMEs getting easy to approach preferential loans (September 19, 2024 | 16:59)
- EVN's improper tariffing results in $36 million loss (September 16, 2024 | 19:41)
Mobile Version