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The Gemalink Joint Stock Company has signed a contract with the Republic of Korea alliance Dealim-SAMWHA to develop the infrastructure of its container terminal in the southern Ba Ria-Vung Tau province, the Vietnam News Agency reported.
Work on the Gemalink Cai Mep Container Terminal is scheduled to begin in August and operations are expected to commence in 2013.
Investment will total US$300 million for the first phase until 2013, which will complete the main quay of 800m for mother ships, a barge quay of 260m and a yard space of 33ha. The annual capacity is 1.2 million TEUs.
The second phase is planned to finish in 2014 when the yard space will increase to 72ha and the main quay will expand to 1,150m, the barge quay to 370m. Its capacity will increase to 2.4 million TEUs.
The Cai Mep area, where around 70 percent of the country's container volume is concentrated, also includes several other smaller terminals.
Cargonews Asia
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