May 25, 2019 01:47

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1.32 billion USD logistics centre planned in Ba Ria-Vung Tau

15:39 | 14/03/2019

A joint venture between the Hanoi Export-Import Company (Geleximco) and International Transportation and Trading Joint Stock Company (ITC) has proposed building a logistics centre and Cai Mep Ha habour in southern Ba Ria-Vung Tau province.

132 billion usd logistics centre planned in ba ria vung tau

Illustrative image (Source: VNA)

According to the proposal, the logistics centre, which is under Cai Mep-Thi Vai port complex, would cover an area of 1,000ha and the habour could cover 105ha. They would require total investment of around 30.61 trillion VND (1.32 billion USD). The project is expected to create jobs for some 15,000 to 20,000 people.

The project’s target is to provide sea port services and goods storage in bond warehouses, frozen warehouses and others with a capacity of three million twenty-foot equivalent units (TEU) per year.

The Cai Mep – Thi Vai is a deep-water port which could receive large container vessels of up to 20,000 deadweight tonnage (DWT), carrying 18,000 TEU capacity and capable of international goods transport.

Investors said the project would be a closed complex to help reduce customs and import-export fees and contribute to the country’s economic development, especially in the southern area and the province’s industrial parks.

The Cai Mep-Thi Vai port complex is one of the key ports in the region. The port system is one of only 19 in the world capable of handling 190,000 DWT vessels.​

Source: VNA