DP World seeks support to speed up Saigon Premier Container Terminal port project

Peter Wong, DP World’s senior vice president and managing director for the Asia Pacific region, has met authority of Ho Chi Minh City to seek the city’s support to quicken dredging of the Soai Rap River to facilitate its port project, reported Vietnam News Brief Service.


The slow dredging progress has slowed down the Saigon Premier Container Terminal (SPCT), Wong said, adding that large container ships could not enter SPCT because the passage is not deep enough.


Earlier, the city government promised to meet DP World’s requirements for infrastructure, especially the North-South Highway and the Soai Rap River waterway leading to SPCT, he noted.


The road nears completion while the second phase of the river dredging project is still underway. This waterway needs to reach the average depth of 11 or 12m for 30,000-DWT or even 50,000-DWT container vessels to travel to and from SPCT.


Covering 40 hectares in Nha Be district, the two-phase SPCT needs total capital of US$305 million. During the first phase with 24 hectares, the container port will be able to handle 800,000 TEUs per year, and this capacity will be raised to 1.5 million TEUs in the second phase.
(Source:http://en.portnews.ru)