Da Nang planning $48m upgrade of Tien Sa Seaport

Da Nang planning $48m upgrade of Tien Sa Seaport

Vienam’s Da Nang Port is going to invest VND1 trillion ($47.6m) for the second phase upgrade of Tien Sa Seaport in the second quarter in 2016.

According to Nguyen Thu, chairman of Da Nang Port, the upgrade is aimed at raising the port’s standards to an international level in the coming years. The port is designed to handle 14m tons of cargo including container throughput of 200,000 teu by 2025.

The port has raised VND350 billion ($16.6m) from internel sources while Foreign Trade Bank of Viet Nam (Vietcombank), the Bank of Investment and Development of Viet Nam (BIDV) and the city’s Investment and Development Fund have agreed to provide loans for the project.

Vietnam’s seaport development plan towards 2020 has confirmed Da Nang Port as the major commercial port in the region, making it one of the key gateways to the East Sea from the sub-Mekong region.

Da Nang Port handled a record 6m tons of cargo in 2014.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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