Two billion dollar projects in Hai Phong calling for investment

The two projects are a railroad construction to Hai Phong International Port and a professional industrial park for Japanese companies.

The length of the railroad construction to Hai Phong International Port is 57 kilometers and its width is 1.4 meters. The project would run under the formats of public-private-partnership (PPP) and build-operate-transfer (BOT) formats.

The total investment of the project is estimated at $1.6 billion, part of which will be financed from Japanese official development assistance (ODA) loans. It is expected to be implemented in until 2030 to construct 16.56 kilometers of railway, 26.9 kilometers of bridges, and seven new railway stations.

The main line, which is 35.7 kilometres long, starts at the new Hung Vuong Railway Station (equivalent to Km95+215 of the Hanoi-Hai Phong railway route), goes through Dinh Vu Industrial Zone (IZ) (now known as Deep C IZ), crosses Nam Trieu Seaport, and arrives at Haiphong International Port in Cat Hai Island.

The secondary line, which is 7.78 kilometers long, starts at South Dinh Vu Railway Station (equivalent to Km23+940) and will run parallel with the main line until Km26+337, then turn left towards Dinh Vu Seaport and arrive at Deep C IZ.

After launching, it is estimated to transport 30 million tonnes of cargo per year by 2020 and 95 million tonnes per year by 2030.

The second project to call for foreign investment is the professional industrial park for Japanese companies in the north, located on an area of 300-400 hectares in Dinh Vu-Cat Hai Economic Zone.

Earlier, the Hai Phong People’s Committee announced the general master plan of Dinh Vu-Cat Hai Economic Zone (EZ) until 2025. Accordingly, the zone, which has a total area of about 22,540 hectares, will become a multi-sector economic zone of the North Central Coast and the whole country, in order to become an international logistics seaport.

Source: VIR