Cai Mep-Thi Vai port to be leased in 30 years

Le Anh

For Cai Mep terminal, the fixed package price is US$219.57 million, while the package price for the other terminal is US$130.51 million, all for a term of 30 years.

The selection of terminal operators will be made via bidding which is scheduled for the third or the fourth quarters.

Nguyen Nhat, director of the Vietnam Maritime Administration, said his agency has set up teams in charge of technical, financial and procedure issues to help accelerate preparations for the bidding. The bidding is held to ensure that terminals are run by units with financial capability and professional capacity in operating terminals.

The Government has previously agreed to the plan of leasing Cai Mep and Thi Vai terminals.

The Cai Mep-Thi Vai port complex located in Ba Ria-Vung Tau Province’s Tan Thanh District was opened in late January. The project worth nearly VND13 trillion was financed by Japan’s ODA loans and Vietnam’s reciprocal capital.

Cai Mep terminal consisting of two piers of 600 meters in length can handle vessels of up to 100,000 DWT and has an annual capacity of around 700,000 TEUs. Thi Vai terminal also has two piers but handles ships of 50,000 tons with a capacity of 1.6-2 million tons per year.