Cua Lo Port. — Photo vinamarine

NGHE AN (Biz Hub) — Construction on a container terminal in Cua Lo Port's wharf 5 and 6 started on Friday in the central province of Nghe An's Cua Lo Town.

It will be the first international port in Viet Nam's north-central region. Tuan Loc Construction Investment Corporation provided the funding for the 23.4ha terminal.

The project will serve containers handling vessels up to 30,000 DWT. The BOT (Build-Operate-Transfer) project has an investment capital of VND1.18 trillion (US$54.6 million).

It will allow the port to bring in international vessels, and could help attract investment in the province and develop the region's economy as a whole. The port will help enterprises reduce transportation costs, because they won't have to go to other provinces to load goods like before.

The port will include direct maritime transport routes to Hong Kong and Singapore.

Speaking at the groundbreaking ceremony, Nguyen Xuan Duong, chairman of the provincial people's committee, said the project would help the province further its involvement in the transportation market and shorten cargo clearance times.

The Cua Lo Port upgrade will enhance its transportation capacity for imported and exported goods. — VNS