Construction could start as
early as the end of this year for
the US$2.5 billion Hon Khoai
port in the southernmost
province of Ca Mau. The port
primarily would handle coal
imports for power plants in the
Mekong Delta region as well
as oil and other commodities. Funding for the five-year
project will rely heavily on
loans from the Export-Import
Bank of the United States.
Vietnam is growing quickly. These four projects aim to meet the needs of the country’s nearly 100 million people.
RIDING THE RAIL
To reduce the glut of scooter traffic in Vietnam’s largest city, the Ho Chi
Minh City Management Authority for Urban Railways is building a US$2.5
billion light rail system. Japan is funding nearly 90 percent of the project,
which will create a 19.7-kilometer ( 12.2-mile) line with 14 stations,
including a four-level station at the city’s Saigon Opera House. However,
delays likely will push back its scheduled 2020 opening.
With energy shortages common throughout
the country, the US$2.5 billion Vung Ang 3
1,200-megawatt coal-fired power plant in the
central province of Ha Tinh, one of Vietnam’s poor-est areas, is sorely needed. The government formed
a public-private partnership with Samsung’s
engineering unit, Samsung C&T, to build the plant.
Construction is scheduled to begin in 2018, with
commercial operation slated to start in 2022.
THIRS T FOR CLEAN WATER
The Saigon Water Company will invest
VND4.3 trillion in water quality projects in the Cu Chi district of Ho Chi
Minh City over the next three years.
The first phase, launched in 2015,
will deliver a pumping network and
underground water treatment stations
to Cu Chi town and 10 surrounding
communities. Water filtration devices
also will be installed in 98,400 homes.