Two new Hai Phong container terminals to become operational in 2025
Work is being speeded up on container terminals No. 3 and No. 4 of the Hai Phong international gateway port in order to make them operational in 2025.
The terminals’ project investor, Port of Hai Phong JSC (Hai Phong Port), says it will mobilize all resources to complete at least 55% of the terminals’ engineering and construction (EC) package in the second half of the year.
Located in the Lach Huyen deep-water port area, the project had its investment plan approved by the Prime Minister in October 2019, with Hai Phong Port as investor.
Its stated objective is to build container terminals No. 3 and No. 4 at the Lach Huyen terminal area to match the progress of other projects to build and develop the city’s socio-economic infrastructure, serving a step-by-step relocation of the Hoang Dieu terminal area.
Work underway at the construction site of container terminals No. 3 and No. 4 of the Hai Phong international gateway port in Lach Huyen. Photo by The Investor/Do Hoang.
According to Hai Phong Port, each container terminal will be 375 meters long and 50 meters wide, capable of receiving container ships of up to 100,000 DWT (deadweight tonnage) or about 8,000 TEUs (twenty-foot equivalent unit).
The project will feature a barge berth to accommodate ships and barges of 100-160 TEUs or about 3,000 DWT, with a total length of 250 meters and width of 15 meters.
In addition, synchronous investments will be made in technical infrastructure works and equipment, meeting the goods throughput of 1-1.1 million TEUs per year.
Covering 55.6 hectares, the project has a total investment capital of more than VND6.95 trillion ($293.5 million): VND3.13 trillion (45%) from the investor and VND3.82 trillion (55%) from bank loans.
Work on the terminals started mid-2022, with an EC package worth VND3.1 trillion ($131 million) covering wharfs, barge berths and container yards. So far, 40% of the package has been completed.
In addition to the EC package, another VND2.24 trillion ($94.5 million) package will install six ship-to-shore container cranes (STS) and 24 rubber tyred gantry (RTG) cranes.
To date, about VND775 billion ($32.7 million) has been disbursed for the project and the figure is expected to reach VND1.5 trillion ($63.4 million) by the end of this year.
The investor targets making the piers operational in the fourth quarter of 2024 and for the whole project to do so in 2025.
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