Approval of investment policy for Can Gio international transit port project with total investment of 129,000 billion VND

(NLDO) - The Prime Minister approved the investment policy of the Can Gio international transit port project (HCMC) with a land use area of ​​about 571 hectares.

Perspective of Can Gio International Transit Port

On January 16, Deputy Prime Minister Tran Hong Ha signed Decision No. 148 of the Prime Minister, approving the investment policy of the Can Gio international transit port project (Project).

The objective of the Project is to build and develop Can Gio International Transit Port, including services related to the exploitation of seaport container ports and other services. The Ho Chi Minh City People's Committee identifies specific products and services to ensure the efficiency of the international transit port.

The project is implemented at Go Con Cho Islet, Thanh An Commune, Can Gio District, with a land use area of ​​approximately 571 hectares. The investment capital is determined based on the project implementation proposal and the Can Gio International Transit Port Research Project and is not less than VND 50,000 billion.

The Prime Minister assigned the Ho Chi Minh City People's Committee to direct specialized agencies to specifically determine the total investment capital of the project according to the investor's proposal for recording in the process of granting the Investment Registration Certificate according to regulations. The project is entitled to special mechanisms and policies (if any) according to current law provisions.

The Prime Minister noted that the project can only be implemented after it is in accordance with the planning at all levels and the competent authority has decided to change the purpose of forest land to another purpose according to the provisions of the law on forestry, the law on land and other relevant regulations; complete the procedures on environmental protection according to the provisions of the law on environmental protection; procedures and conditions on technology used in the project according to the provisions of the law on technology and technology transfer.

Investors are not allowed to transfer the project within 5 years from the date of issuance of the Investment Registration Certificate. Changes to investors after this period must comply with the provisions of law and must be approved in writing by the Ho Chi Minh City People's Committee; must be approved by the Ministry of National Defense, the Ministry of Public Security and relevant agencies in case of issues related to national defense and security arising during the implementation of the Project and in case of project transfer or transfer of capital contribution, controlling shares, transfer of capital contribution, shares to foreign investors in the organization implementing the Project.

According to the report of the Ho Chi Minh City Department of Transport, the Project to study and build Can Gio International Transit Port sets out the goal of building Can Gio International Transit Port into an international transit center of the city and the region. Thereby attracting shipping lines, transport companies, cargo owners, and domestic and foreign logistics service businesses to participate in the global transport supply chain.

The total estimated investment of Can Gio International Transit Port is about 129,000 billion VND. The total length of the main wharf is about 7 km and the barge wharf is about 2 km.

The total estimated area is about 571 hectares. Including wharf, warehouse, internal traffic, office area, housing for employees of port operations, technical infrastructure... about 469.5 hectares and the port operating water area is about 101.5 hectares.

It is estimated that the first year's cargo throughput through the port will reach about 2.1 million TEUs (1 TEU equals 1 20-foot container). After 7 investment phases, the volume of cargo through Can Gio International Transit Port could reach 16.9 million TEUs by 2047. The port is expected to contribute VND34,000 - 40,000 billion to the budget each year when operating at full capacity. The total investment capital of the project is expected to be nearly VND129,000 billion (USD5.5 billion).

Source: https://nld.com.vn/chap-thuan-chu-truong-dau-tu-du-an-cang-trung-chuyen-quoc-te-can-gio-tong-dau-tu-129000-ti-dong-196250116200507196.htm