Vietnam eager to develop Lien Chieu deep seaport

Vietnam eager to develop Lien Chieu deep seaport

Deputy Prime Minister Trinh Dinh Dung recently urged the Ministry of Planning and Investment (MPI) to appraise the capital sources and mobilisation methods of investment capital at Lien Chieu port.

Besides, the DPM assigned the Danang People’s Committee to complete the pre-feasibility report for the project after the city studied MPI’ appraisal.

Based on reports of MPI and Danang city, the Ministry of Transport (MoT) was asked to build the investment planning evaluation report to submit the prime minister for approval.

The assignment of the DPM shows Vietnam’s eagerness to develop the Lien Chieu Seaport project, which is considered one of two key projects that aim to boost the central city as a main logistics centre in the ASEAN and the East-West Economic Corridor (EWEC) that links Laos, Myanmar, Thailand, and Vietnam.

Although the construction of Lien Chieu Seaport in Danang has just been appraised, domestic and foreign investors are already interested in the project.

Notably, Boskalis Inter A.V is the newest foreign investor that expressed interest in joining. Wanter Jacobs, regional business manager at Boskalis, said in a document sent to MoT that the investor wants to join component A–general infrastructure.

Boskalis will collaborate with T&T Group to deploy this project, particularly in conducting the feasibility study, design, and build general infrastructure system in component A.

With a massive investment capital and handling capacity, the $1.48-billion Lien Chieu Seaport located in Danang is expected to become Vietnam’s second international gateway port, following Lach Huyen port in the northern the city of Haiphong.

According to the city’s proposal, Lien Chieu Seaport, which would combine five functional areas, including a 50,000DWT (deadweight tonnage) harbour, another harbour which could handle 80,000-100,000DWT container ships with a loading capacity of 5,000-8,000 twenty-foot equivalent unit (TEUs), a liquid cargo harbour handling 10,000DWT ships, and an inland waterway harbour for 1,000-5,000DWT ships, as well as a logistics services area and other infrastructure.