Thanh Hoa authorities have extended the time line to fullfil investment procedures for the long-delayed Long Son container port project in the central province's Nghi Son Economic Zone until early 2023.
The provincial People's Committee has asked private company Long Son Joint Stock Company to complete application procedures for Long Son Container Port by January 30, 2023 at the latest.
Nghi Son town was instructed to finish paying compensation for site clearance of the road to the port by July 30 this year.
In 2016, local authorities approved in principle the project investment proposal that aims to build a container port with logistics services to receive goods from overseas and vice versa.
The project will invest in container terminal 1 including six berths on an area of 109.7 hectares and a 33.3-hectare logistics area, with investment capital of $3,600 billion ($155 million).
The port is set to have a loading capacity of 1 million to 1.2 million TEUs (twenty-foot equivalent units) per year.
Long Son JSC, established in 2002, has headquarters in Ninh Binh province and chartered capital of VND2,213 billion ($95 million).
Nghi Son Economic Zone, spanning the three districts of Tinh Gia, Nong Cong, and Nhu Thanh, is home to Nghi Son deep-water port, the largest international port in north-central Vietnam, with the potential to develop into one of the largest seaports in the country.