A steel mill. Illustration photo. — VNA/VNS Photo

The Chairman of the People’s Committee of the south-central coastal province of Binh Dinh has given approval for a feasibility study to be carried out for a project to build a steel mill and a seaport complex in My An Commune in Phu My District.

The study will be carried out by the Ninh Binh Province-based Long Son JSC.

The company has proposed the construction of its Long Son steel mill on close to 494ha with an investment of VND48 trillion (US$2.09 billion), which is expected to produce about 4 million tonnes of steel annually.

Meanwhile, the 343ha Long Son port complex will be built at a cost of nearly VND8.9 trillion and is projected to have 14 wharves capable of berthing vessels of 50,000 to 250,000 tonnes and handling 29.5 million tonnes of cargo per year.

Binh Dinh’s port network can currently only handle vessels up to 50,000 tonnes and the province has no steel mills. — VNS