Hanoi (VNA) - To maximise its natural advantages in boosting socio-economic development, the central city of Da Nang has approved an investment of over 45.26 trillion VND (over 1.71 billion USD) to build eight new container ports.
The municipal Department of Finance announced that the municipal People’s Committee has approved in principle the Lien Chieu Container Port Project with a total investment of over 45.26 trillion VND.
Accordingly, the project will cover a total area of about 172.6 ha, including 25.76 ha of water area and 146.84 ha of land.
The port is designed with an overall handling capacity of around 5.7 million TEUs per year (equivalent to 74 million tonnes). By 2030, its annual capacity is expected to reach between 14.25 - 36.3 million tonnes.
The project includes eight container berths with a total quay length of 2,750 metres, capable of accommodating container ships of up to 18,000 TEUs. The port will be developed with modern and highly automated cargo handling technologies to maximise efficiency in land use and infrastructure operations.
The project will also include barge terminals capable of handling vessels of up to 5,000 tonnes, serving as collection and distribution points for cargo to and from other inland and coastal ports nationwide.
Additionally, the port’s logistics area will feature warehouses and container yards located behind the berthing zone, along with supporting facilities such as an operations office, service buildings, repair workshops, and technical infrastructure zones.
The project will also develop a cargo handling and loading yard connected to the national railway network, linking Lien Chieu Port directly by a 1.5 km rail line to Kim Lien Station. It will include a centralised parking area for vehicles awaiting port entry procedures and supporting infrastructure such as access roads and parking zones.
The total estimated investment exceeds 45.2 trillion VND, including over 9.05 trillion VND in equity capital and more than 36.2 trillion VND in loans. The project will be located in Hai Van ward and implemented over a 50-year period from the date of land or sea area allocation or lease.
The project’s construction is scheduled to be implemented from the fourth quarter of 2025 to the first quarter of 2036. The first phase, to be completed by 2028, will include the construction and operation of at least two berths along with the port’s logistics area. The second phase will complete berths No. 3 and No. 4 and other remaining components, while the third phase will develop the four remaining berths and finalise the railway and vehicle terminal areas.
Investors will be selected through a bidding process in accordance with Decrees No. 31/2021/ND-CP and No. 115/2024/ND-CP. The project is eligible for investment incentives under Article 12 of the National Assembly’s Resolution No. 136 dated June 26, 2024, along with land, investment, and tax support policies.
The project aims to develop the container berths and synchronized technical infrastructure and compliance with “green port” and international transshipment port criteria. The project is aligned with the detailed Master Plan for seaport groups, terminals, mooring areas, and waterways for the 2021–2030 period, with a vision toward 2050.
The municipal People’s Committee has requested the management board of infrastructure investment projects to coordinate with the Ministry of National Defence, the Ministry of Public Security, and relevant agencies to ensure national security and defence requirements during the process to select investors. In addition, the foreign investor’s ownership stake will be capped at 49%.
The selected investor will be responsible for completing the feasibility study report and fulfilling all financial, environmental, land, resource, and mineral obligations. They must also make a performance guarantee deposit and submit periodic investment progress reports in accordance with the 2020 Investment Law./.
