Vietnam invests $18.3 million in upgrading fairway of Quy Nhon Port

August 21, 2021 | 13:57

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Vietnam's Ministry of Transport has signed a decision approving a project on upgrading the fairway of Quy Nhon Port with an investment sum of VND421 billion ($18.3 million).

Vietnam invests $18.3 million in upgrading fairway of Quy Nhon Port

The upgrading of the fairway could increase goods throughput at Quy Nhon Port by 10 per cent

The upgraded fairway will have a length of 7km, width of 140m, and depth of 13m. As planned, more than three million cubic metres of soil will be dredged through the project.

The investment will come from the 2021-2025 mid-term public investment plan. The project will be carried out in 2021-2024.

Earlier, Le Duy Duong, deputy general director of Quy Nhon Port JSC said that the volume of goods via the port has risen in recent years from 9.1 million tonnes in 2019 to 11 million tonnes in 2020. The port operates at five times its designed capacity.

However, the port is facing a problem in attracting more sources of goods as the fairway is able to accommodate 30,000 dead-weight tonnage (DWT) vessels.

Duong hopes that after the upgrade it will be able to receive vessels of up to 50,000DWT, thus increasing the volume of goods via the port by 10 per cent.