HCMC hub port a 'breakthrough': expert
π A USD 5.4 billion hub port in HCMC’s Can Gio District will be a breakthrough for both the southern metropolis and the Mekong Delta. Authorities plan to build the port, whose main section will span 7 km, on Phu Lao Island at the estuary of the Cai Mep River.
π§ Construction of the port, expected to cost VND129 trillion ($5.4 billion), will be divided into seven stages. The first stage is expected to be completed in 2024, while the final stage would be completed in 2045. An overpass and more roads would also be built to connect the port with automobile traffic throughout the south.
ποΈ The Can Gio hub port would work with β not compete against β the Thi Vai-Cai Mep port in the neighboring Ba Ria-Vung Tau Province, he said, adding that the project would be the beginning of creating a cohesive port network for the region.
π head of the HCMC customs department, said that 70-80% of all HCMC-bound goods would pass through the new Can Gio hub port once itβs built. This will reduce logistics costs as goods would no longer have to transit through Singapore, which is far more costly.