Over 115.7 million USD poured into upgrading Thi Vai int’l port hinh anh 1Cranes at the Thi Vai International Port (Photo: thivaiport.vn)

Hanoi (VNA)Thi Vai International Port Co., Ltd (TVP) has announced its investment of more than 2.7 trillion VND (115.7 million USD) in improving land at the Thi Vai international port in the southern province of Ba Ria-Vung Tau.

The company plans to select four contractors to implement the project, with bidding sessions scheduled to open in the second quarter of 2020 and the first quarter of 2021.

The total funding for the project is set to be sourced from TVP’s capital and commercial loans.

Covering over 42,000 square metres, the port can receive 50,000DWT container vessels and 5,000DWT ferries. Along with the main quay with a length of 300m and a width of 27m, the port has a 155m long and 130m long ferry wharfs, and two 40 tonne cranes.

TVP is a joint venture of five investors, two from Vietnam and three from Japan./.