Gemalink constructs infrastructure for deep-water portHCMC – Gemalink Corporation, a joint venture between Gemadept Corporation and France’s CMA-CGM, signed a contract on infrastructure construction for the Gemalink-Cai Mep deepwater container terminal with South Korea’s Daelim-Samwhan consortium on Monday, the Vietnam News Agency reports.The port will have a 33-hectare storage area and annual capacity of 1.2 million TEUs.In the second phase, the enterprise will expand its storage area to 72 hectares, the main quay to 1,150 meters and feeder quay to 370 meters, to reach an annual throughput of 2.4 million TEUs in 2014.Speaking at the contract signing ceremony, Gemadept chairman Do Van Minh said the contract marked another important step in Gemedept’s development strategy, which included seaports and logistics services.Gemalink is the biggest container terminal in the Cai Mep deepwater port complex in Ba Ria-Vung Tau Province that is included in the … [Read more...] about Gemalink constructs infrastructure for deep-water port
Infrastructure
France provides 20 million euros for infrastructure development
France provides 20 million euros for infrastructure development By Vu Dung - The Saigon Times Daily HANOI – The French Development Agency (AFD) has provided Vietnam with 20 million euros in loans to implement infrastructure development projects in HCMC. An agreement to this effect was signed in Hanoi on Thursday between Vu Van Ninh, Vietnam’s minister of finance, and AFD general director Dov Zerah. According to the Ministry of Finance, these projects are partially aided by AFD through State-owned HCMC Finance and Investment Company (HFIC) to construct social houses and educational facilities as well as improve hospitals’ capacity and modernize waste treatment in the city. The total value of this program is up to 96 million euros, of which AFD loans will account for 20% and the remainder will come from the state or private sector. The total official development assistant (ODA) committed by AFD for Vietnam has reached 1.05 billion euros. AFD became the first sponsor of … [Read more...] about France provides 20 million euros for infrastructure development
Infrastructure projects run out of capital
Infrastructure projects run out of capital By Anh Quan - The Saigon Times Daily HCMC – Capital for infrastructure projects, especially major ones, is now almost exhausted as the total capital for the whole year was issued within the first seven months, according to the Ministry of Transport. The January-July period’s capital disbursement for infrastructure projects exceeded the allowed plan, said the ministry in a meeting on Monday. The proceeds from Government bond sales for financing these projects amounted to VND9 trillion of the total VND11 trillion. Besides, the total amount from build-operate-transfer projects and extra budgets was VND3,514 billion. Some of the large infrastructure projects that kicked off this year included Co Chien Bridge in the Mekong Delta, Hanoi’s belt road No.3, the road linking Noi Bai Airport and Nhat Tan Bridge and part of National Highway 1A in Thanh Hoa Province. Meanwhile, several existing major projects have fallen behind schedule … [Read more...] about Infrastructure projects run out of capital
Spending cuts hit infrastructure projects
By Anh Quan - The Saigon Times Daily HCMC – Work on numerous transport infrastructure projects has ground to a halt nationwide as a result of spending cuts. The Ministry of Transport has since March suspended 75 projects with total capital of over VND1.4 trillion. Au Phu Thang, deputy general director of My Thuan Project Management Unit, attributed the situation to financial constraints. Workers will stay off the job until the Government resumes capital disbursement, he added. Nguyen Nhu Thao, director of Project Management Unit 7 under the ministry, said there were 10 contractors belonging to his unit out of work, something he had not seen for many years. In a meeting held by the Ministry of Transport on Wednesday, Minister Dinh La Thang said his ministry had worked with the Ministry of Finance to allocate capital for next year, aiming to help local enterprises overcome difficulties. According to a report from the Ministry of Transport, nearly 100% of planned capital was … [Read more...] about Spending cuts hit infrastructure projects
VINCI Construction pursues cooperation in transport infrastructure construction with Haiphong
On 2nd November afternoon, Mr. Nguyen Van Thanh, Member of Party Central Committee, Secretary of Haiphong’s Party Committee cum Chairman of Haiphong People’s Council received and held talks with the delegation of VINCI Construction (France) headed by Mr. Bruno Dupety, Chief Operating Officer on the occasion of the delegation’s visit to Vietnam. Mr. Bruno Dupety thanked Haiphong city leader for affections and supports toward the delegation and affirmed to pursue cooperation with the city in road and bridge construction. With 200-year experience of operation in infrastructure construction worldwide, projects and construction works in Vietnam in general and in Haiphong in particular assumed by VINCI Construction would be implemented as scheduled and guaranteed with European quality standards, he said. … [Read more...] about VINCI Construction pursues cooperation in transport infrastructure construction with Haiphong