Construction Begins on Quảng Trị’s US$580m Deep-water Port After 4-Year Delay

Construction of the long-awaited Mỹ Thủy deep-water port project in Quảng Trị Southeast Economic Zone finally commenced on Monday, following a four-year delay, according to Vietnamnews on 26 March 2024.

Approved by the Prime Minister on 4 January 2019, with a total investment of VNĐ14.2 trillion (US$580 million), this project is of paramount importance to Quảng Trị province. It not only serves the local industrial parks but also facilitates cargo flow along the East-West Economic Corridor (EWEC), connecting Việt Nam, Laos, Cambodia, Thailand, and Myanmar.

The port, covering 685 hectares and comprising 10 piers, will be constructed in three phases until 2036. The first four wharves are set to be operational by 2025, capable of accommodating vessels with up to 100,000-tonne capacity.

The project’s investor, Mỹ Thủy International Port Joint Venture Company, has pledged to kick off construction without delay, ensuring the timely completion of the first wharves by the end of 2025.

Võ Văn Hưng, Chairman of Quảng Trị Provincial People’s Committee, underscored the significance of prompt action by the investor and reiterated the province’s full cooperation throughout the project’s implementation.

Initially launched on 27 February 2020, the construction faced setbacks due to challenges in capital contribution by foreign partners and land clearance issues.

- Video Advertisement -

Related Post

MinebeaMitsumi to Invest Over US$320 Million in Expanding Operations in Cambodia and Thailand

Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in […]

Cambodia Attracts US$309 Million in Investments with 22 New Projects in April

In April 2024, Cambodia witnessed a surge in investment activity as the Council for the Development of Cambodia (CDC) greenlit 21 fresh investment ventures alongside one expansion project, collectively valued at an impressive US$309 million. This influx of investment is poised to generate approximately 23,000 employment opportunities, marking a significant boost to the country’s economic […]

Virak Buntham Unveils Ambitious Plan to Transform Koh Sneh Beach into Premier Tourist Destination

Virak Buntham, a prominent player in Cambodia’s tourism sector, has announced a significant investment in the development of Koh Sneh Beach, located in Khemarak Phoumin City, Koh Kong Province. The company aims to elevate the beach into the premier tourist destination in the province, unveiling plans for extensive resort development and recreational facilities. Neak Oknha […]

Second Conch Cement Factory in Battambang Worth US$ 253 Million Reaches 85% Completion

The construction progress of the second Conch Cement Factory in Battambang province, valued at US$253 million, has reached a significant milestone, with approximately 85% of the project now complete. Scheduled for an official inauguration in September 2024, this development marks a crucial step forward in Cambodia’s cement manufacturing sector. The update was shared via a […]

Toyota Unveils US$36 Million Assembly Plant in Phnom Penh SEZ

In a significant boost to Cambodia’s automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country’s manufacturing capabilities. The Toyota […]

Cambodia Forges Ahead with International Standard Community Nurseries for Workers

Cambodia is accelerating its initiatives to establish community nurseries built to international standards. In a concerted effort to elevate working conditions and support the welfare of labourers, the Ministry of Labor and Vocational Training (MLVT) convened a pivotal meeting on 18 April 2024, in collaboration with the World Child and Development Organisation and the World […]