Over 280b dong to upgrade National Road 20

Viet Nam Road Department yesterday started work on upgrading the National Road 20 linking Lam Dong highland province with HCM City and south-eastern provinces, with a total investment capital of over 280 billion dong under BOT (Building-Operating-Transferring).

The project will have three bidding packages. The road is 18 kilometres long.

The construction time is estimated to be 24 months. Investors are allowed to collect refund fee within eight months from the work being out into operation.

Source: vnbusinessnews

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Government approves proposals for international seaports

Deputy Prime Minister Hoang Trung Hai has recently approved proposals from relevant authorities and investors related to speeding up the rate of building international seaports.

To speed up the building of the $200 million Van Phong International Transit Port in Khanh Hoa province, deputy Prime Minster Hoang Trung Hai approved the Ministry of Transport proposal to authorize Vietnam National Shipping Lines to make direct decisions on related issues in future.

Mr. Hai has also allowed Vietnam National Shipping Lines to calculate the total amount of investment capital needed for the project and then outline schemes to mobilize sufficient funds for it.

Regarding the choice of contractors for tendering, especially those for building the first two wharfs, Mr. Hai has requested the Ministry of Transport to call for prestigious and experienced foreign investors that have enough financial capability to join the project.

When completed, Van Phong will be one of the largest ports in Asia, which can receive container ships of up to 10,000 -12,000 tons.

Mr. Hai has also assigned the Ministry of Industry and Trade to approve the site where the 2,640 MW Van Phong Thermo power plant will be built in Khanh Hoa province.

The project will cost $3.8 billion and is scheduled to be commercially operational by the end of 2014 and be completed 2015.

For the Hai Phong International Gateway Port, Mr. Hai has approved relevant authorities’ proposal that $8 million be used for the upgrading the port’s facilities to make it ready for the task of calling for ODA (Overseas Development Assistance) for the second phase of building.

Located in Cat Hai District, in the north of Hai Phong City, the 472 hectare port is worth over $435 million. It has a total berth length of 3,200 meters for vessels with a capacity of 80,000 DWT. The port’s cargo capacity is 35m tons a year.

Source: Sai Gon GP

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Vietnam completes construction of first dredger

The Ben Kien Shipbuilding Industry Company launched a 2,800 cu.m dredger on January 12, the first vessel of its kind to be built in Vietnam .

At 80m long and 15m wide, the ‘Elbe’, ordered by the Netherlands ’ Bagger Bedriif Deboer Holdings Company, is fitted with state-of-the-art machinery, enabling it to dredge silt-laden riverbeds or the seafloor to a maximum depth of 28m.

The company has previously constructed six container ships for its partners in the Netherlands.

Source: VNA

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BP to supply crude oil for Dung Quat refinery

The oil giant, British Petroleum, is to supply crude oil to Dung Quat, Vietnam ’s first oil refinery, in accordance with a contract signed in Hanoi on Jan 12 by the British company and Vietnam ’s PV Oil and BSR firms.

PV Oil is responsible for negotiating with BP over the purchase of crude oil, which will gradually replace the supply of crude from Vietnam ’s Bach Ho (White Tiger) oil field, whose output is expected to decrease in the future.

Dung Quat refinery, which is to commence operations on Feb 25, is designed to process 3.5 million tonnes of oil during 2009, or 70-75 barrels per day. Its annual capacity is set to increase to 6.5 million tonnes, equivalent to 100-145 barrels per day in subsequent years.

Once fully operational, the refinery will meet 30 percent of domestic demand. Vietnam currently imports 13 million tonnes of petro and oil per year.

Source: VNA

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Hau Giang mulls 11 million EUR sewage treatment system

The Mekong Delta province of Hau Giang has submitted to Government for approval a 11 million EUR project to build a drainage and sewage treatment system in its town of Vi Thanh .

If approved, the project will be launched in the first quarter of this year and completed in January 2012.

Once operational, it will have a capacity of 8,000 cubic metres per day.

Source: VNA

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Piling work begins at new seaport

Piling work started yesterday for the 33.7-ha Sai Gon International Terminals Vietnam Project in Phu My 1 Industrial Park, marking the most important process of the port construction by the China Harbour Engineering Company (CHEC).

“This is the most important phase of the project so we use the 46m concrete piles which have no joints, the longest ones for Vietnam ’s projects in water,” said project director Luo Wen.

CHEC is the general contractor of the port’s three construction packages totally valued at more than 163 million USD.

The container and general cargo port project is expected to begin operation in 2011 when it will house three 730 metre wharves capable of handling ships of up to 60,000 tonnes.

The Sai Gon International Terminals Vietnam (SITV) is a joint project between Hutchison Ports Mekong Investment SARL, an affiliate of the Hong Kong – based Hutchison Port Holdings group and Sai Gon Investment, Construction and Trade Company.

The SITV is in accordance with the Government’s planning of the seaport group in the area of Ho Chi Minh City and Dong Nai and Ba Ria-Vung Tau provinces toward 2020.

Source: VNA

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PetroVietnam develops clean energy project

The Vietnam National Oil and Gas Group (PetroVietnam), in cooperation with China ’s XinAo Group, is considering a 700-million-USD project to produce clean energy in Thanh Hoa province’s Nghi Son district.

The project will include a storage system and port for receiving liquefied natural gas (LNG) and a distribution system with an annual capacity of 3 million tonnes, which will be increased to 6 million tonnes in the future.

The project will also produce dymethyl ether (DME) that will be mixed with liquefied petroleum gas (LPG) to provide lower-cost LPG.

The Chinese partner will contribute 55 percent of the project which will have initial total capital of 30 million USD.

Source: VNA

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