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Economy

HCM City approves research project for building Can Gio int’l transshipment port

The People’s Deputies

The Standing Board of the Ho Chi Minh City Party Committee has basically agreed with a research project for the construction of the Can Gio international container transshipment port submitted by the Party civil affairs committee of the city People's Committee, with a note on minimising negative impacts on the ecological environment and people's life during the implementation phase.

HCM City approves research project for building Can Gio int’l transshipment port -0

The construction will be carried out in seven phases, with phases 1 and 2 scheduled to be operational before 2030.
 
Transport infrastructure serving the port will be built from now to 2030, including Can Gio bridge, a road linking the port with Rung Sac road, an elevated road running along Rung Sac road, and upgrade to bridges on Rung Sac road. 

The investment for the port, auxiliary facilities for its operations, logistics service center, and the duty-free area will be sourced from investing enterprises' capital. Meanwhile, transportation infrastructure, technical infrastructure connecting the port will be financed by the state budget, public-private partnership (PPP) investments, or other funding sources.

The operation of the port is expected to generate employment for around 6,000 to 8,000 people. Upon completion of the investment, the port is projected to contribute 34 trillion VND (1.43 billion USD) - 40 trillion VND to the budget annually through taxes and fees.

Recently, MSC, one of the world's largest shipping companies, has shown significant interest in investment in the port.

VNA

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