Waterway upgrade proposed

The Viet Nam Shipping Department has proposed investing VND6.4 trillion (US$283 million) in dredging the Cai Mep – Thi Vai Passage to allow access to 100,000 DWT vessels.

Containers wait to be unloaded at the Cai Mep – Thi Vai Port. The Viet Nam Shipping Department has proposed an investment of VND6.378 trillion (US$283 million) to dredge the passage to allow access for 100,000 DWT vessels. (Photo: VNA/VNS)

The department has asked the Ministry of Transport to approve the project. Funds would come from the state budget and other sources.

The Cai Mep – Thi Vai Passage runs through Tan Thanh District in Ba Ria – Vung Tau Province; Long Thanh and Phuoc An Districts in Dong Nai Province; and Can Gio District of HCM City.

It will be dredged and enlarged to give 100,000DWT and higher vessels access to ports in Cai Mep – Thi Vai; 60,000 DWT vessels to ports in My Xuan – Phuoc An Area; and 30,000 DWT ships to ports in Go Dau Area.

If the project is approved, implementation of the first stage will begin by 2018 and the next stages in 2020, 2025 and 2030.

According to figures released by Japan International Cooperation Agency (JICA), the volume of cargo to be transported through the Cai Mep – Thi Vai Passage is estimated to be 16.8 million tonnes and 26.8 million tonnes by 2010 and 2020, respectively.

However, the volume of cargo handled at the ports and transited in the region in 2010 amounted to 124.4 million tonnes, exceeding JICA's forecasts more than 2.5 fold, according to the Shipping Department.

The department said that it was urgent to create new maritime safety measures and develop the Cai Mep – Thi Vai Passage.

Source: VNS

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.