The People's Committee of the central province of Quang Nam has approved in-principle a proposal from the investor to prepare investment dossiers for the Cua Lo channel project, which encompasses construction of the creek, a bridge connecting the Tam Hiep and Tam Hoa port areas, and a road linking the Viet Han Industrial Park to Vo Chi Cong Road.

Upon completion, the channel can accommodate a vessel up to 50,000 tons to Tam Hiep port in Nui Thanh district.

The project will be executed under a Build-Transfer (BT) contract format with a total investment of VND7.2 trillion (nearly $280 million).

The Provincial People's Committee has assigned Dai Quang Minh Real Estate Investment Joint Stock Company, a subsidiary of THACO Group, to prepare the investment dossier and submit it to the competent authorities for consideration by June 30.

Earlier, during a working session between the Provincial Party Committee and THACO Group in late February, THACO proposed investing in four new projects in Quang Nam, including the Cua Lo channel project.

Nui Thanh District in Quang Nam province is well-suited for the development of a deep-water seaport system. However, siltation in the access channels to Chu Lai International Seaport and Ky Ha Port currently restricts vessels exceeding 20,000 tons from entry.

Mr. Le Van Dung, Chairman of the Quang Nam Provincial People's Committee, expressed optimism that upon the completion of the Cua Lo Channel Project, large-tonnage vessels would gain access to the deep-water ports, facilitating the transport of export goods and accelerating the establishment of a logistics hub in the region.