Saturday, August 11, 2007

Major $267 million seaport under construction in Vung Tau

Major southern seaport construction underway

Construction of a new US$267 million international seaport began in southern Vietnam Thursday.

Situated in Phu My town in the coastal Ba Ria-Vung Tau province’s Tan Thanh district, the VND4.3 trillion Phu My seaport will be capable of accommodating 70.000-DWT vessels and handling nine million tons of cargoes per year.

The Saigon-Vietnam International Port Company aims to have the building completed in August 2010.

The company is a joint venture between the Sai Gon Investment-Construction-Trade Company Ltd. and Luxembourg’s Hutchison Ports Mekong Investment Group.

Reported by An Nguyen – Translated by An Dien