New Collaboration in Port Building

The Sai Gon Port in the Ho Chi Minh City

Saigon Port is teaming up with Danish shipping company Maersk A/S and the Port of Singapore to build two ports in the southern province of Ba Ria-Vung Tau.

Maersk and Saigon Port’s plan is to build a US$187-million facility upstream of Cai Mep-Thi Vai Port and two container piers nearby able to handle 950,000 twenty-foot equivalent units (TEU) a year when completed in 2010.

The other project, undertaken by Saigon port and the Port of Singapore, is capitalized at nearly US$300 million and will be done in two stages - US$165 million for the first phase and US$133 million for the second.

The two Asian entities are also planning to build four container wharves of 1.5 million TEU a year downstream of Cai Mep Port.

 

By NT - Translated by Van Hanh

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