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India's Adani eyes investing US$2 billion in Da Nang's Lien Chieu Port

By DA NANG Today / DA NANG Today
August 02, 2024, 11:21 [GMT+7]

Adani, one of India's leading groups, expressed its intention to invest US$ 2 billion in Da Nang’s Lien Chieu mega-port project in a bid to help perfect the logistics ecosystem in the city and the central region of Viet Nam.

A view of the planned area earmarked for the new Lien Chieu Port project. Photo:baodanang.vn
A view of the planned area earmarked for the new Lien Chieu Port project. Photo:baodanang.vn

The statement was made by Chairman of the Adani Group Gautam Adani during his Wednesday meeting with Vietnamese Prime Minister Pham Minh Chinh who was in India for a state visit from July 30 - August 1.

A type-1 deep-water port with a strategic location, Lien Chieu serves as a connecting point for the international East-West economic corridor and a gateway of the entire central region.

Once put into use, it will have a general wharf with a capacity of 100,000 tonnes, and a container port with a capacity of 200,000 tonnes. The State plans to invest about VND3 trillion in building a shared infrastructure system for the port while calling for synchronous investment in this project.

Also at the meeting, Prime Minister Pham Minh Chinh assigned Minister of Planning and Investment Nguyen Chi Dung and relevant agencies and localities to directly work with the Adani Group to deal with existing problems and carry out necessary procedures.

The Adani Group operates India's largest airport and runs Mundra Port - the country's largest port. It also invests in the fields of power transmission and green energy.

Reporting by baotintuc.vn - Translating by M.DUNG, V.DUNG

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