HCM City seeks clearance to $6-bn container port proposal in Can Gio

To divert some global container transit activities to Vietnam, sea shipping company MSC/TIL, the Vietnam Maritime Corporation and the Saigon Port have submitted a proposal to develop an international transit terminal in Can Gio, the HCM City administration said.

The project is planned to be implemented in seven phases, the first of which is expected to begin in 2024 and turn operational in 2027. The last phase is scheduled to be put into use in 2040.

With about 7.2 km of wharves, this project is expected to handle 10-15 million twenty-foot equivalent units (TEUs) of cargo, a news agency reported.

Between 2015 and 2020, cargo throughput in seaports of HCM City grew by 7.34 per cent, and the rate is predicted to be 5 per cent between 2021 and 2025.

Fibre2Fashion News Desk (DS)