Lien Chieu Port receiving attention from investors

The Danang People's Committee approved a project to adjust the planning of Lien Chieu port and the coastal route connecting to it last week. The Lien Chieu port area will cover nearly 470 hectares, including eight 2.75km container berths for vessels of up to 200,000 deadweight tonnage.

The project consists of two phases. The first is to construct the general components and will be carried out through public investment including breakwaters, dredging of the sea, and connecting roads from the highway to Lien Chieu port, while the second phase is to develop the port and the wharf in the logistics area.

The infrastructure of the port will combine a harbour area, a container yard, a warehouse complex, piers, waterways, and a transport system, among others. The total cargo going through these harbours is expected to be 3.5-5 million tonnes per year.

The total investment in the project stands at more than $52.2 million, including $21.7 million from the central budget and the rest from the city. It will be developed from 2022 to 2025.

The development of Lien Chieu Port is one of two key projects that aim to turn the central city into the main logistics centre in ASEAN and the East-West Economic Corridor that links Laos, Myanmar, Thailand, and Vietnam.

In early July, the consortium of BRG and Sumitomo worked with Danang on the investment plan for the logistics activities at Lien Chieu port. This is the second meeting since last year's investment MoU in Japan between the leaders of Danang city and the joint venture.

Representatives of these two businesses said that the development of Lien Chieu port is important to transfer goods from Tien Sa port to Lien Chieu, eliminating the need to transport containers through inner-city areas.

Within the project, the container storage area will be moved to the inland port and also aims to take action against climate change by implementing energy-saving methods and renewable energy sources.

According to the design proposed by BRG and Sumitomo, Lien Chieu port will be able to receive large ships of up to 12,000TEU.

A month ago, Indian investor Adani Group cooperated with Anh Phat Investment Construction and Trading JSC to plan the construction of Lien Chieu Port among the group's projects with an expected value of $10 billion in Vietnam. The joint venture has been approved to study the feasibility of the investment in the port.