Quy Nhơn port to be expanded

The Quy Nhơn Port Joint Stock Company in the central province of Bình Định plans to invest VNĐ1.35 trillion (US$60.5 million) in expanding the Quy Nhơn port area by 6.8 hectares and raising its capacity by 2020, according to the company’s Deputy Director General Huỳnh Tấn Quy Nhơn.

                                     View of the Quy Nhơn port. - Photo tuoitre.vn

In the project’s first phase, from 2016-18, land clearance and equipment procurement will be implemented at a cost of VNĐ350 billion.

From 2019-20, a new wharf will be constructed at a cost of around VNĐ450 billion ($20.2 million), along with an Inland Container Depot (ICD).

The company is undertaking procedures for the construction of the ICD to meet increasing regional demand in container transport.

The upgrade and expansion is expected to raise the port’s throughput capacity to between 15 -18 million tonnes of cargo per year by 2020, and between 25-30 million tonnes after 2030.

In the first nine months of this year, the port handled 5.5 million tonnes of cargo, earning over VNĐ379 billion and contributing VNĐ32 billion to the State budget.

It plans to handle 7 million tonnes of cargo this year.

Source VNS