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Can Gio Port in Vietnam is expected to bring in $2,000,000 per year

The content of the Can Gio International Transit Port Construction Research Project has just been submitted by the Ministry of Transport to the Ho Chi Minh City People's Committee and submitted to the Prime Minister. The approved project will be the foundation for port investment and related technological infrastructure systems.

The transfer port of Can Gio has a length of over 7 kilometers and can accommodate the largest container ship proposed by MSC Group (the world's leading container shipping company) with a capacity of 250000 deadweight tons (24000 standard containers). The project was studied on Phu Loi Island at the mouth of the Cai Mep River, with a total capital of $5.45 billion. The project is divided into seven stages, with the first stage completed in 2027 and all completed by the end of 2045.
When the investment port project reaches the design capacity in 2045, the annual income of 3400-400 billion VND is preliminarily calculated. Loading, unloading, and warehousing taxes originating from port enterprises, company income tax, sea freight, surface rent, etc.
In addition, according to the proposal, a large sum of money will be needed for the existing port to attract enterprises to participate in the investment and create about six employment opportunities. Eight thousand. Tens of thousands of employees work in the port, and tens of thousands work in the logistics center after the port.

According to the data of the Ministry of Transport, from now until 2030, the cargo passing through the seaport of this city will increase by more than 5% annually on average, and the container cargo will be about 6%. Although the container terminal systems of local ports are all in the mainland, the mining capacity is beyond the plan.

Therefore, the planning and construction of additional demand ports will support the local seaport system, create competitive advantages with other countries and break through the development of the marine economy. The port capacity is estimated to reach 4.8 million TEU by 2030 and nearly 16.9 million TEU by 2047 (each TEU is equivalent to a 20-foot container).
According to the proposal to connect the existing ports and navigation channels, it is estimated that from now until 2030, the city will build a bridge called Can Gio, connecting this place to Nha Be District. The bridge on the Xoai River plans to be deployed in the form of PPP, with a total capital of about 10 billion VND. It will help break the only way for the Binh Khanh ferry to enter the inner city.
Also, in the same period, the city invested and upgraded the bridges on Rung Sac road and made an intersection linking this route with the Ben Luc - Long Thanh highway in Binh Khanh commune. After 2030, a ramp will be built from the position of the transshipment port through the Rung Sac route in Long Hoa commune. At the same time, the transport sector also studies building an elevated route running along Rung Sac road to the intersection of the Ben Luc - Long Thanh expressway.

See more: 
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Vietnam: When will the real estate liquidity recover? 

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