- News in Vietnam
- 27 September 2021
Phuoc An Port project continues to focus on site clearance
Over the past year, Phuoc An Port Investment and Production Petroleum Joint Stock Company (PAP) has disbursed an additional VND 1,300 billion, mainly for site clearance purposes. The project upstream of the Thi Vai – Cai Mep river is making remarkable changes.
In July, PAP was known a long time ago when the investor of a large-scale port project in Dong Nai province, including Phuoc An port area and logistics service area (Phuoc An Port project). From 440 billion VND when established in 2008, the company’s charter capital has increased more than three times through three times of capital increase through private placement to Hoanh Son Co., Ltd in 2016 (increasing by 460 billion VND), 2017 (increasing VND 200 billion) and 2021 (increasing VND 200 billion).
Regarding road traffic, there are many arterial roads, which play a significant role in the connection and socio-economic development of the whole region. The development potential of the transportation, import-export, and logistics services industry of Nhon Trach District also promises a significant breakthrough when Long Thanh Airport (about 30km away) comes into operation. In phase 1, the airport can receive 25 million passengers and 1.2 million tons of cargo per year. Compared to other seaports, the distance from Long Thanh airport to Phuoc An port and vice versa is the shortest.
With a deep-water seaport, highway system, Long Thanh airport, and nearly 20 industrial zones in the district and surrounding areas, Nhon Trach District has many advantages to become the port service center of the province and the economic region southern focus.
In addition, the district also develops plans for new investment, upgrading and expanding many existing roads. These routes are planned to be deployed before or together with Phuoc An port and Phuoc An port logistics service industrial park. Particularly for projects of the central government in the area, the district actively clears the ground, creating conditions for investors to start construction and complete the plan as planned.