Ho Chi Minh City rolls out the red carpet with 3 special mechanisms for the 4.8 billion USD Can Gio super port project

Perspective of Can Gio International Transit Port (HCMC). Photo: Portcoast

On June 3, the People's Committee of Ho Chi Minh City submitted a document to the Standing Committee of the Party Committee of the City People's Committee, requesting consideration and reporting to the Standing Committee of the Ho Chi Minh City Party Committee on the implementation of the Can Gio International Transit Port project.

In the submission, the Ho Chi Minh City People's Committee proposed that the Standing Committee of the City Party Committee agree on the policy of continuing to implement the Can Gio International Transit Port project in accordance with current legal regulations.

The city will coordinate with relevant ministries and branches to complete all investment documents and procedures in accordance with correct order and regulations.

Notably, Ho Chi Minh City proposed that the Standing Committee of the City Party Committee direct and orientate on specific mechanisms to support attracting and retaining strategic investors - specifically MSC Group - within the framework of Resolution No. 98/2023/QH15 of the National Assembly and current legal regulations.

The proposed specific mechanisms focus on three main groups of contents: incentives for infrastructure connecting traffic, logistics and warehousing; support for administrative procedures, shortening investment preparation time; and incentives to attract logistics support businesses.

These are considered important solutions to facilitate investors to implement projects quickly, effectively and sustainably.

Along with that, the HCMC People's Committee will direct relevant departments and branches to review and update relevant planning such as marine spatial planning, land use planning, traffic, environment... to serve as a legal basis for carrying out procedures for land allocation, water surface allocation and investment licensing for the project.

Location of Can Gio international transit port construction. Photo: Ho Chi Minh City Department of Construction

The Can Gio international transit port project was proposed for investment by a joint venture between Saigon Port Joint Stock Company and Terminal Investment Limited Holding SA (a member company of the world's largest shipping line MSC).

The investor proposed the project with a total investment of more than 113,500 billion VND (equivalent to 4.8 billion USD), divided into 7 phases with an implementation period of 22 years.

The project is expected to organize investment in construction and exploitation of ports in the period before 2030 from 2-4 wharf areas. In the following phase (from 2030 to 2045), the investment will continue to be researched and completed according to the planning approved by competent authorities.

The People's Committee of Ho Chi Minh City affirmed that the construction of Can Gio International Transit Port is one of the key tasks in the direction of national marine economic development. The project has strategic significance in affirming the role of Ho Chi Minh City as the center of marine economy, logistics and international trade in the Southern region.

With special attention from the world's leading strategic investors in the field of maritime transport and logistics, the Can Gio International Transit Port project is expected to create a major breakthrough in attracting investment and developing modern seaport services, contributing to making Vietnam an important freight transit center of the region and the world.

Laodong.vn

Source: https://laodong.vn/xa-hoi/tphcm-trai-tham-do-voi-3-co-che-dac-thu-cho-du-an-sieu-cang-can-gio-48-ti-usd-1517654.ldo