Bechtel Corp. keen on mega port project off southern Vietnam

Thanh Nien News

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An aerial view of the current quay on Hon Khoai Island. Photo:

Bechtel Corporation, the largest construction and civil engineering company in the United States, intended to invest in a deep-water seaport in the southernmost province of Ca Mau, according to the Vietnamese transport ministry.
On Monday, Minister of Transport Dinh La Thang received Mark Argar, Bechtel’s regional business development manager, who praised the importance of the Hon Khoai Port given its location as a gateway to transport coal for thermal power plants in the Mekong Delta.
Mr. Argar said Bechtel had signed a contract with Vietnam’s Van Phong Corporation to jointly conduct a feasibility study of the project.
Minister Thang praised the cooperation between Bechtel and Van Phong but noted that Bechtel should thoroughly look into the effectiveness of the project.
He promised that the transport ministry will create the most favorable conditions for the companies if they could go ahead with the project.
The planned US$3.5-billion deep-water seaport on Hon Khoai Island, roughly 15km off the southwest coast of Nam Can District in Ca Mau, is still waiting for investors.
According to Ca Mau Province's Department of Planning and Investment, the 320-ha deep-water port will have 12 transshipment berths. Six of these will be used for loading coal, two for transporting containers, two for transporting oil, and the rest for other commodities. 
The port's construction is expected to begin at the end of 2016. 
In September 2013, Australia-based N&M Commodities also expressed its wish to invest in the port project.

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