On March 25, the People's Committee of Quang Tri province coordinated with My Thuy International Port Joint Venture Company (MTIP) to organize the groundbreaking ceremony for the My Thuy Port Area project (in Hai An commune, Hai Lang district).

The My Thuy Port Project was approved by the Prime Minister in Decision No. 16/QD-TTg dated January 4, 2019, with a total investment of VND 14,234 billion, invested by My Thuy International Port Joint Stock Company (MTIP).

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Perspective of My Thuy Port Area.

The project covers an area of ​​over 680 hectares, including 10 wharves, capable of receiving ships with a capacity of 100,000 tons, and is invested in 3 phases.

Phase 1 from 2018-2025 will invest in 4 wharves with a capital of nearly 5,000 billion VND; Phase 2 from 2026-2031 will invest in 3 wharves with a capital of nearly 5,000 billion VND; Phase 3 from 2032-2036 will invest in 3 wharves with a capital of over 4,300 billion VND.

The project implementation period is 50 years from the date of investment decision. My Thuy port area mainly serves the Southeast Quang Tri Economic Zone, industrial zones in Quang Tri province and transit goods from Laos and Northeast Thailand on the East-West Economic Corridor.

The My Thuy Port Project started construction on February 27, 2020. However, due to some difficulties in disbursing investment capital from foreign partners, procedures for site clearance, conversion of forest land use purposes... encountered difficulties, so construction was temporarily suspended.

At the re-starting ceremony, Mr. Duong Viet Roan, General Director of MTIP, said that since February 2022, the enterprise has sent a document to the People's Committee of Quang Tri province, requesting to restructure the enterprise, shareholder structure, board of directors, executive board and specialized departments.

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The Chairman of the People's Committee of Quang Tri province requested the investor to coordinate with the units to start construction and complete it on schedule. Photo: Dinh Thanh.

In particular, the participation of shareholder SAM Holdings has helped the enterprise increase its capacity and efforts to restart the project.

In addition, the People's Committee of Quang Tri province focused on directing strongly; departments, branches, and localities actively participated and supported MTIP in implementing investment procedures and site clearance work. Since then, the investor has been determined and committed to the timelines for completing investment procedures to prepare for construction.

Currently, the investment project to build My Thuy Port Phase 1 has met all the conditions to officially restart construction.

Mr. Vo Van Hung - Chairman of Quang Tri Provincial People's Committee suggested that investors need to mobilize all financial resources, human resources, materials, equipment... to focus on construction. At the same time, develop a detailed and methodical construction plan to ensure feasibility and avoid interruption; strive to complete and put into operation 2 ports by 2025.