04-01-2018

Vietnam to invest US$881 million to develop inland container depots

VIETNAM plans to invest VND20 trillion (US$881 million) to develop inland container depots close to railway networks and inland waterways by 2030. The government's plan calls for investment from the private sector.

The depots will be built in Hanoi-Lao Cai and Hanoi-Lang Son economic corridors, the economic zone in the southeast of Hanoi, the northeast of Ho Chi Minh city or in the Mekong Delta, reported VietnamNet Bridge.

The depots will have the capacity to handle four to 6.8 million TEU per year by 2020. It is expected that their capacity will be raised to 12-17.6 million TEU by 2030.

Nineteen depots are likely to be completed by 2020, covering 580 to 755 hectares and up to 1,295 hectares in 2030.

The Ministry of Transport has been asked to work with local authorities and related agencies to make detailed plans, issue directives and manage the project.

The government will prioritise depots at locations that connect with rail or inland waterways to develop multi-modal transport systems.

Source: Schendet

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