Three port majors bid for $1.8 bln Lien Chieu container terminal project

Three consortia have submitted bids for the $1.8 billion Lien Chieu container terminal project in Danang, all of them leading companies in global shipping and port operations, a local official said.

They are a consortium of Hateco Group (Vietnam), Hateco Seaport Co. Ltd (Vietnam), and APM Terminals B.V. (the Netherlands); the Adani Ports and SEZ Ltd (India)-T&T Group (Vietnam) consortium, and another comprising Vietnam Maritime Corporation (Vietnam) and Luxembourg-based Terminal Investment Limited, according to Le Thanh Hung, director of the central city’s priority infrastructure investment project management board.

The bidding process is scheduled to open on December 24. If it proceeds smoothly, the terminal project is expected to break ground in Q1/2026, providing a major boost to the development of a modern logistics ecosystem in central Vietnam.

The Lien Chieu container terminal forms part of Component B of the larger 450-hectare Lien Chieu port project, set to be developed in Hai Van ward.

Component A (shared infrastructure), with an investment of over VND3.4 trillion ($128.91 million), is funded by central government and city budgets and broke ground in late 2022, while Component B is seeking private investment, including the $1.8 billion Lien Chieu container terminal.

The Lien Chieu port project is divided into three functional zones – a container terminal with eight berths capable of handling vessels up to 200,000 DWT, with an investment of over $1.8 billion; a general and bulk cargo zone, including six berths for vessels of 50,000-100,000 DWT ($700 million); and a liquid and gas cargo zone ($213 million).

The municipal People’s Committee recently approved an extension to the timeline for the shared infrastructure component (Component A), pushing the completion date from 2025 to 2026.

As of now, construction of breakwaters, sea walls, port access roads, and main traffic routes is approximately 95% complete.