The People’s Committee of central Da Nang city has approved a consortium of investors for the nearly VND45.27 trillion ($1.72 billion) Lien Chieu container port project.
The winning consortium includes Hateco Group, Hateco Seaport Company and APM Terminals of the Netherlands, which will act as the lead partner.
The Lien Chieu container port project will cover around 172.6 hectares, including nearly 147 hectares of land and about 25.7 hectares of water surface in front of the berths.
Once completed, the port is expected to have a designed capacity of about 5.7 million TEUs per year, equivalent to roughly 74 million tons of cargo annually.
The project will operate for 50 years from the date the land or maritime area is allocated or leased.
Construction is scheduled to be carried out in three phases between 2026 and 2036.
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