Binh Dinh - The Quy Nhon Port Joint Stock Company in the central province of Binh Dinh plans to invest VNĐ1.35 trillion (US$60.5 million) in expanding the Quy Nhon port area by 6.8 hectares and raising its capacity by 2020, according to the company’s Deputy Director General Huynh Tan Quy Nhon.
In the project’s first phase, from 2016-18, land clearance and equipment procurement will be implemented at a cost of VND350 billion.
From 2019-20, a new wharf will be constructed at a cost of around VND450 billion ($20.2 million), along with an Inland Container Depot (ICD).
The company is undertaking procedures for the construction of the ICD to meet increasing regional demand in container transport.
The upgrade and expansion is expected to raise the port’s throughput capacity to between 15 -18 million tonnes of cargo per year by 2020, and between 25-30 million tonnes after 2030.
In the first nine months of this year, the port handled 5.5 million tonnes of cargo, earning over VND379 billion and contributing VND32 billion to the State budget.
It plans to handle 7 million tonnes of cargo this year.