Vietcombank lends VND1 tril. to seaport project

October 02, 2013 | 10:26

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Bank for Foreign Trade of Vietnam (Vietcombank) last Thursday signed a credit contract to provide VND1 trillion for the Coastal Power Center Seaport developed by Power Generation Corporation 1 under Vietnam Electricity Group (EVN).

Pham Quang Dung, deputy general director of Vietcombank (L), and Nguyen Khac Son of EVN sign the credit agreement last Thursday - Photo: Courtesy of Vietcombank

EVN will construct a deepwater seaport as an auxiliary work for the Coastal Power Center. The facility includes a wharf capable of handling coal ships of up to 30,000 DWT and another wharf for handling oil tankers of 1,000 DWT. It costs an estimated VND4.4 trillion including VND1 trillion funded by Vietcombank.

Located in Dan Thanh Commune, Duyen Hai District in the Mekong Delta province of Tra Vinh, the project when in place will provide coal and oil for the power center, which in turn will supply power for the Long Phu and Hau Giang complexes of PetroVietnam.

SGT

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