Ships line up for their turns to anchor at Quy Nhon port (Source: VNA)
Binh Dinh (VNA) - The Quy Nhon Port Joint Stock Company in the central province of Binh Dinh plans to invest 1.35 trillion VND (60.75 milion USD) in expanding Quy Nhon port’ area by 6.8 ha and raising its capacity by 2020, according to the company’s Deputy Director General Huynh Tan.

In the project’s first phase from 2016-2018, land clearance and equipment procurement will be implemented at the cost of 350 billion VND (15.75 million USD). From 2019 – 2020, a new wharf will be constructed at the cost of around 450 billion VND (20.25 million USD), along with an Inland Container Depot (ICD).

The company is undertaking procedures for the construction of the ICD to meet increasing regional demand in container transport.

The upgrade and expansion is expected to raise the port’s throughput capacity to between 15 -18 million tonnes of cargo per year by 2020, and between 25-30 million tonnes after 2030.

In the first nine months this year, the port handled 5.5 million tonnes of cargo, earning over 379 billion VND (17 million USD) and contributing 32 billion VND (1.44 million USD) to the state budget.

It plans to handle 7 million tonnes of cargo this year.
One of the major ports in the central region, the Quy Nhon port complex comprises to three seaports, including two commercial ports, namely Quy Nhon Port and Quy Nhon New Port, and a military port.

These ports serve as a gateway to the East Sea for the Central Highlands, Laos, northern Cambodia and north-eastern Thailand.

As a result, the demand for cargo transport via the port complex is expected to surge in the coming years, and Quy Nhon will be a key entrepôt in the region in the foreseeable future.-VNA