The central coastal city of Da Nang will invest about VND2 trillion in upgrading and expanding Tien Sa Port in the second phase with a total area of nearly 8,6 hectares, reported the municipal People’s Committee.

The capital has been mobilized from the Da Nang Port Joint Stock Company and other sources.

The project is expected to kick-off in the fourth quarter of 2015 and completed in two stages. The first stage which requires an investment of VND1 trillion is scheduled for completion in 2017. Earlier, on September 28^th, Chairman of the Da Nang People’s Committee signed decision 7069/QD-UBND approving the detailed plan made to scale of 1/500 for the entire project.

Tien Sa is one the country’s largest and deepest seaports (about 12 meters) with a goods transit capacity of 7 million tonnes a year. With an annual growth rate of 10-20%, goods volume through the seaport will reach 10 million tonnes a year within the next 5-6 years./.

( Hoang Quan )