The Da Nang Development Investment Fund on Wednesday entered a credit contract worth VND143 billion with the Da Nang Port Joint Stock Company for the rebuilding of the yard behind piers No.4 and 5 of Tien Sa Part in Tho Quang Ward, Son Tra District on a total area of 37,415m².

The major construction items will include the embankment systems behind the wharves, container yards, internal roads, infrastructure items and trees.

It is known that the current yard behind the piers 4 and 5 Tien Sa wharf has a capacity of about 0.11 million Teus, which is not enough to meet the increasing demand for handling container cargo. Therefore, the rebuilding of the yard is urgent in ensuring the convenient transport of goods between piers and the yard and vice versa and consistent with the the port development’s orientations.

Previously, the Da Nang Port Joint Stock Company had received VND180 billion in loans from the Da Nang Development Investment Fund to upgrade the Tien Sa port (Phase 2).

Reporting by MAI QUE  - Translating by A.THU