US$1.5bn Kampot Port Listed as Largest Port Project Initiated Globally in Q2 2022

• 1 August 2022
• Uncategorized
• 5470 Views

The newly announced US$1.5 billion international port in Kampot province has become the largest port project initiated globally in Q2 2022, according to GlobalData.

In 2022, there are five giant port projects, of which the Cambodian port ranks first. The 5 port projects are as:

Kampot Logistics & Multipurpose Port– US$ 1.5 billion

With a total investment of US$1.5 billion, the port is being built on a 600-hectare area in Sangkat Prek Thnaot, Bokor city, Kampot province, Cambodia. Construction began in Q2 2022 and is expected to be completed in Q4 2030. This giant port can create about 10,000 jobs.

Ethane Terminal Development – US$ 400 million

The project involves the construction of an Ethane terminal in Laguna de Pajaritos, Coatzacoalcos, Veracruz, Mexico. Construction work commenced in Q2 2022 and is expected to finish in Q4 2024. The objective of the project is to build a world-scale ethane terminal. The project will be in the CIIT – Interoceanic Corridor of the Tehuantepec isthmus.

Aracruz Industrial Port Terminal – US$223 million

The project involves the construction of an industrial port terminal on an area of 35.4ha at Barra Does Riacho, Aracruz, Espirito Santo, Brazil. Construction work started in Q2 2022 and is forecast to complete in Q2 2025. The objective of the project is to accommodate the 60-120-metre length of vessels in the port with a handling capacity of 2,000 tons per year.

Stornoway Deep Water Terminal – US$66 million

The project involves the construction of a 360m long cruise ship berth on the Isle of Harris in the UK. Construction work commenced in Q2 2022 and is expected to be completed in Q2 2023. The project aims to enhance the island’s potential in terms of the developing marine economy, which includes renewable energy, oil and gas decommissioning, and tourism.

Quarleshaven Quay Development – US$46 million

The project involves the construction of an 800m quay in Zeeland, the Netherlands. Construction work started in Q2 2022 and is expected to be completed in Q4 2024. The project aims to provide more space for the transhipment of dry bulk such as wood pellets, gypsum, raw materials for the steel industry, organic agricultural products, and boulders for reinforcing offshore wind turbines.

 

• Projects Development
• Road and Infrastructure