The Ministry of Transport has approved a bid to lease the Cai Mep-ThiVai international port in the southern coastal province of Ba Ria–VungTau for 30 years, the first bid of its kind.
The VietnamMaritime Administration said it is looking for qualified operators forboth the international terminal and the Thi Vai general cargo terminal.
Two bidding packages for the two ports will take place in the third or fourth quarter this year.
The fixed annual package price is 219.5 million USD for the Cai Mepcontainer port and 130.5 million USD for the Thi Vai general cargoterminal.
The investors would make another paymentbesides the fixed one, according to the administration. This wouldchange every year, depending on the pre-tax profits of the investors.
This is the minimum price that the investors would have to pay to win the bid.
Nguyen Nhat, chief of the Vietnam Maritime Administration, said the bidis being held to ensure that the ports would be operated by investorswith strong financial and professional capacity.
The bidis expected to reduce monopolies, increase competitiveness and improveservices. It would create a breakthrough for many seaports in Vietnam, he added.
Nhat said that FDI businesses could also take part in the bid.
Leasing the seaports would help the state recover capital quickly and ease the burden on the State budget, according to Nhat.
The Cai Mep-Thi Vai port complex opened in late January after fouryears of construction. The project, worth 13 trillion VND (613.8 millionUSD), was financed by Japan 's Official Development Assistance loansand Vietnam 's reciprocal capital.
The Cai Mepterminal consists of two piers of 600 metres in length. It can handlevessels of up to 100,000 DWT and has an annual capacity of around700,000 TEUs.
The Thi Vai terminal also has two piers,and can handle ships of 50,000 tonnes. It has a capacity of 1.6-2million tonnes per year.-VNA
The VietnamMaritime Administration said it is looking for qualified operators forboth the international terminal and the Thi Vai general cargo terminal.
Two bidding packages for the two ports will take place in the third or fourth quarter this year.
The fixed annual package price is 219.5 million USD for the Cai Mepcontainer port and 130.5 million USD for the Thi Vai general cargoterminal.
The investors would make another paymentbesides the fixed one, according to the administration. This wouldchange every year, depending on the pre-tax profits of the investors.
This is the minimum price that the investors would have to pay to win the bid.
Nguyen Nhat, chief of the Vietnam Maritime Administration, said the bidis being held to ensure that the ports would be operated by investorswith strong financial and professional capacity.
The bidis expected to reduce monopolies, increase competitiveness and improveservices. It would create a breakthrough for many seaports in Vietnam, he added.
Nhat said that FDI businesses could also take part in the bid.
Leasing the seaports would help the state recover capital quickly and ease the burden on the State budget, according to Nhat.
The Cai Mep-Thi Vai port complex opened in late January after fouryears of construction. The project, worth 13 trillion VND (613.8 millionUSD), was financed by Japan 's Official Development Assistance loansand Vietnam 's reciprocal capital.
The Cai Mepterminal consists of two piers of 600 metres in length. It can handlevessels of up to 100,000 DWT and has an annual capacity of around700,000 TEUs.
The Thi Vai terminal also has two piers,and can handle ships of 50,000 tonnes. It has a capacity of 1.6-2million tonnes per year.-VNA
