1. Project location
This project will be located in the eastern part of Hai Phong city, in North of Vietnam. It will be a biggest port in North of Vietnam
2.Background and Necessity
Along the area connecting Hai Phong in the northern coastal region of Vietnam and Hanoi, there are various foreign enterprises that contribute to the development of the region. Major ports supporting commercial activities of these enterprises include Hai Phong Port and Cai Lan Port.
In order to upgrade the functions of the northern region of Vietnam as one of the international distribution centers, it is necessary to develop a port equipped with a sufficient depth to accommodate large container vessels. Under the circumstances in which it is considered technically and socially difficult to expand Hai Phong Port and Cai Lan Port to handle a cargo volume of over 40 million tons and to have capacity for large container vessels, it is necessary to build a new international deep sea port. It’s Lach Huyen port project.
Lach Huyen port is the first piloting PPP project between the Governments of Vietnam and Japan where public portion financed by ODA fund and private portion invested by the Joint Venture of Japanese and Vietnamese partners
3. The construction plan
– Lach Huyen port’s construction is divided into two parts.
– Part one is managed by the Vietnam Marine Administration with investment of over VND18.6 trillion sourced from Official Development Assistance and the State budget, covering the building of port infrastructure.
– The second part, a joint venture of Vietnamese and Japanese enterprises with more than VND6.57 trillion in investment, will build two wharves with a total length of 750 meters, capable of handling 100,000-tonne container ships.
– The project is scheduled to be completed by 2016