Deputy PM Truong Hoa Binh and Chairman of the Hanoi People’s Committee Nguyen Duc Chung attended the groundbreaking ceremony. The port is located at a favorable contiguous position with National Road 1B, National Road 5, and the third belt road of Hanoi.
The US$116.5 million project will be implemented in two stages, targeting to provide customs clearance service for exports and imports in the North Viet Nam. The first stage, costing nearly VND 782 billion (US$ 35.5 million), is scheduled for completion in the fourth quarter of 2019. Once completed, it is capable of handling 380,000 TEUS. The second stage, worth VND 1.78 trillion (US$ 81 million), is designed to handle 760,000 TEUs annually once it is completed in the fourth quarter of 2020.
The project is invested by Hanel One-member Co Ltd and Lang Ha Tower Co Ltd. The depot will provide hi-tech logistics, support, storage and distributions services for economic and industrial zones in the east of Ha Noi and adjacent provinces. Chairman Nguyen Duc Chung called on investors and constructors to ensure safety, quality, and progress of the project.
