|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.