The construction of the 47.2ha depot will be divided into two stages, with the first one covering 19.2ha and the second on 28ha.
The first stage, costing nearly 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 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 Hanoi and adjacent provinces, said General Director of Hanel Nguyen Quoc Binh.
