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Vietnam Scraps Proposed My Xuan Port

Tuesday, 21 August 2018 | 00:00

Vietnam has decided to scrap the proposed $477m My Xuan port, citing delays in construction, according to official media.

Developer Taiwan’s Formosa International Development Corporation received the licence back in 2010. However, it was finding it difficult to raise funds, had not acquired the required land and had only completed the design, land survey and environmental impact assessment, official media said.

The decision came as the Ministry of Transport announced plans to limit the cargo handled at Cat Lai Port in Ho Chi Minh City where volumes are exceeding its handling capacity and stressing infrastructure.

Cargo handled at Cat Lai Port has been increasing relentlessly, going up from 47m tonnes in 2016 to 56m tonnes last year, causing traffic flows into the port to rise as well.

Statistics from the HCM City Department of Transport show 19,775 vehicles entered the port every day on average this year, up 14% from last year.
Source: Port Strategy

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