The Ministry of Transport and Kien Giang province have reached agreement on development of an international-standard seaport on Phu Quoc Island to accommodate huge cruise ships at a cost of 1.25 trillion VND (59 million USD), the Saigon Times Daily reported.

Five locations have been proposed for the planned seaport, namely An Thoi, Duong To, Duong Dong, Mui Dat Do and Vinh Dam, heard a meeting between representatives of the transport ministry and Kien Giang province last week.

However, after taking careful consideration, the ministry and the local government agreed the seaport would go up near Duong Dong town to make it easy for the province to attract investors to the project and international travelers.

According to a blueprint of Portcoast Consultant Corporation (Portcoast), the pier of the seaport would be 400 metres long and 19 metres wide. In addition, a 1,020-metre-long bridge would be built to connect the pier with the shore.

Portcoast suggested setting up a breakwater to enable vessels to dock at the pier even in storms, and building a two-level at the seaport.

In addition to cruise ships that can carry 5,000-6,000 passengers each, the seaport is expected to handle container vessels.

The consultant proposed dividing the project into two phases with around 1.1 trillion VND planned for the first phase including 537 billion VND for the breakwater.

Kien Giang province intended to call for investors to develop the seaport under a public-private partnership (PPP) format with Vingroup already invited to participate in the project.

Deputy Minister of Transport Nguyen Van Cong urged the Vietnam Maritime Administration to work with Portcoast and Vingroup over a feasible financing plan for the project and report it to the transport ministry by October 20.

Phu Quoc Island is located near the Singapore – Thailand – Vietnam – Northeast Asia tourism route, used by 19 marine transport companies.

The port would help develop the tourism industry on the island. It is expected that the number of tourists to Phu Quoc by sea will increase annually from 105,000 to 190,000 until 2020, and to 550,000 visitors by 2030.-VNA