The model of the Phu Quoc international passenger port. — Photo dddn.vn

KIEN GIANG (Biz Hub) — The Cuu Long (Mekong) Delta province of Kien Giang has chosen the investor for the development of the build-operate-transfer (BOT) section of the Phu Quoc international passenger port.

The Phu Quoc Investment and Development Joint Stock Company has been chosen to develop the section, which is expected to cost VND493 billion (US$22.8 million).

The provincial People's Committee said negotiations on the project's specific terms and content will begin this month.

According to the project approved by the province, the port will have a total investment of VND1.64 trillion ($76 million), and the remaining VND1.15 trillion, or 70 per cent, will be funded by the State and the local budget.

The port will be built in Duong Dong, the main town in Viet Nam's largest and southernmost island, and cover 180ha, with 176.5ha being the marine area.

It is scheduled to be completed in 2017, and will be able to accommodate cruise ships with gross tonnage of up to 225,000 tonnes. — VNS