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 | | Ke Ga seaport project set to be kicked off next month | | |
|  | |  | | The Hanjin Colombo container ship visits
Tan Cang-Cai Mep Port in Ba Ria-Vung Tau
Province in a file photo. Local shipping lines
have lost ground to international rivals in recent years
Photo: TL | By Van Nam - The Saigon Times Daily
HCMC – Authorities of the central coast province of Binh Thuan is urgently quickening site clearance on the premises of four resort projects in a bid to start work on the Ke Ga Port project in the middle of next month.
A local official revealed his province would try to complete compensation for the four tourism projects covering some eight hectares in total, namely Son Lam, Thanh Dat, Thanh Loi and Thai Duong. Then, Ke Ga Port project will be kicked off on either April 17 or 19 to mark the 37th anniversary of Binh Thuan’s liberation and 20th anniversary of its re-establishment.
The locality is also reviewing the compensation prices for the remaining eight tourism projects at the planned site for Ke Ga Port in order to hand over the land to Vietnam Coal and Mineral Industries (TKV). The group, as the port project owner, will pay full compensation costs.
Vu Van Long, head of TKV’s investment board, said his group had finished all necessary procedures for the construction of Ke Ga Port.
TKV leaders have repeatedly confirmed to local media that they would begin the project in 2010 to export aluminum exploited in the Central Highlands as expected.
TKV had earlier planned to start work on Ke Ga in August in 2010 but no progress was made due to site-clearance problems at 12 resort schemes in the area.
According to TKV, total investment fund of the three-phase project of Ke Ga Port has risen to about VND20 trillion, or nearly US$1 billion, compared to the initial cost estimate of some US$700 million.
The port project requires around VND4.1 trillion for the first phase. Its capacity to handle cargos after two years of construction will reach 3.5 million tons a year. | | |
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