Breakwater and waterway project into Dong Hoi Port finds it difficult to attract investment

(Baonghean.vn) - Voters of Hoang Mai town reflected that the planning time for Dong Hoi port was too long, affecting the economy and people's lives.

The competent authority responded to this issue as follows:

Dong Hoi port area has been approved for detailed planning by the Ministry of Transport in Decision No. 838/QD-BGTVT dated April 28, 2011, the planning scope of the port area has an area of: 1,096.7 hectares (including land and water areas) with a total estimated cost for the period up to 2015 of 10,574 billion VND, and for the period up to 2020 of 16,555 billion VND.

The main source of capital for implementation is self-mobilized capital of the Investor of Dong Hoi Industrial Park, mobilized capital of agencies and enterprises participating in investment and operation in the Industrial Park, and other legal sources of capital.

Dong Hoi Industrial Park Planning. Photo: Document

Currently, there are investors registered to study and invest in building ports to serve factories in Dong Hoi Port Area such as: Vietnam National Coal-Mineral Industries Group (04 ports); Vietnam Cement Industry Corporation (10 ports); Thanh Thanh Dat Company Limited (01 port)...

However, the projects are facing difficulties in implementing investment and construction because there is no investor for the technical infrastructure system used for the entire port area such as breakwaters and ship channels into the port.

The breakwater and access channel project to Dong Hoi port aims to ensure the safety of port works in stormy conditions and maintain the calm of Dong Hoi port basin, ensuring operating conditions for ports in the port area.

However, arranging capital for the project is very difficult because the Breakwater and Channel Project into Dong Hoi Port is not in the list of priority investment projects according to the Decision approving the adjustment of the Planning for the development of Vietnam's seaport system to 2020, with a vision to 2030, approved by the Prime Minister in Decision No. 1037/QD-TTg dated June 24, 2014.

On the other hand, attracting investors for the above project is still facing many difficulties because the capital needed to implement it is very large.

Because the breakwater and access channel project to Dong Hoi port has a large total investment (over 2,600 billion VND), the state budget cannot meet the demand, so the Province has been directing the Management Board of Dong Nam Economic Zone to continue to promote and call for investment in this project in the form of PPP (both domestic and foreign).

However, this is also facing difficulties because there are no registered investors.

Gia Huy

(Synthetic)