Illustrative photo. (Source: Hoang Ngoc/VNA)

According to information from baodautu.vn, the Minister of Planning and Investment has just reported to the Prime Minister the results of the appraisal of the investment policy for the investment project to build berths No. 5 and No. 6 of Lach Huyen port area, Hai Phong seaport.

Based on the Appraisal Report of Hai Phong City People's Committee; opinions of relevant ministries and branches, the Ministry of Planning and Investment assesses that the Project Profile of Hateco Group Joint Stock Company (Hateco Group) is eligible for investment policy decision according to the provisions of the law on investment. Therefore, the Ministry of Planning and Investment recommends that the Prime Minister consider and decide on the investment policy of the Investment Project to build Wharf No. 5 and No. 6 of Lach Huyen Port Area.

Specifically, the project is invested by Hateco Group, with the main goal of building a modern cargo port to bring import and export goods from the Northern region to the European and American markets without having to transit through ports in the region such as Singapore and Hong Kong; maximizing the advantages of natural conditions and geographical location to develop Dinh Vu - Cat Hai Economic Zone.

The project has a scale of 47 hectares; investing in the construction of 2 berths with a total length of 750 m on the berth edge, receiving ships of 100,000 DWT (8,000 Teus); 1 barge berth with a length of 150 m on the berth edge, receiving barges of 48 Teus; port protection works; warehouse system; port service infrastructure; water area for ships and water area connecting to Lach Huyen public waterway.

The investment capital for the Project (registered by the investor) is 6,425.212 billion VND; Phase 1 (from 2020 - 2025) is 6,072.9 billion VND; Phase 2 (from 2030 and after 2030) is 352.2 billion VND, of which equity capital accounts for 15%, legally mobilized capital accounts for 85%. The Project implementation period is 70 years. The Project implementation location is at wharfs 5 and 6, Lach Huyen port area, Cat Hai island area, Dinh Vu - Cat Hai Economic Zone, Hai Phong City. According to the plan, Phase 1 of the Project will be constructed within 4 years from the date of approval of the investment policy decision; Phase 2 (2030 and after 2030) is expected to be constructed within 1 year.