The Lach Huyen international port in the northern port city of Hai Phong, which uses Japanese ODA funding, opened on May 13, according to the Japan International Cooperation Agency (JICA).

The project is part of the International Port Infrastructure Construction Project through JICA.

In addition, the Tan Vu intersection (of the Ha Noi-Hai Phong expressway, Tan Vu-Lach Huyen road and ring road of Hai Phong City) is under construction and is expected to be completed within this year.

Under the project, the Dinh Vu Bridge which is 5.44 km long, is the longest bridge crossing the sea in Viet Nam. It also opened to traffic last September.

The International Port Infrastructure Construction Project aims to build international deep seaports and other related infrastructure in Lach Huyen District in the eastern part of Hai Phong City.

The project will help meet the growing demand for cargo handling in Viet Nam as well as enhance international competitiveness of the northern region.

This is the first ODA project implemented in the form of Public Private Partnership (PPP) between Viet Nam and Japan.

JICA signed an ODA loan agreement in 2011 with a loan amount of 114.12 billion yen (US$1 billion) of which the port component accounts for 65.252 billion yen and the bridge and road component 48.885 billion yen.

Viet Nam and Japan have established long-term, reliable strategic partnerships in many fields. JICA has committed to continue to finance important transport infrastructure projects in Viet Nam. — VNS