The Phu Quoc Tourism Investment and Development JSC, a subsidiary of Vingroup – Viet Nam’s leading property developer – has been selected by Kien Giang Province as the developer of the Phu Quoc international passenger seaport.
The model of the Phu Quoc international passenger port
The passenger port will be located in the town of Duong Dong in Phu Quoc Island. The project will be implemented in the form of BOT (Built-Operate-Transfer), with the transfer to be 30 years after it opens.
The total investment for this project is VND1,644 billion, including more than VND493 billion of BOT capital (30%) and VND1,151 billion from the budget.
The investor is the Department of Transportation of Kien Giang Province, which will manage the state capital in the project, while Vingroup will control the BOT capital.
The project will be developed on an area of about 180 hectares, including 2.8 ha onshore (including passenger terminals and supporting facilities) and 176.5 hectares of sea surface (including the berth, the breakwater and fairways). The seaport is scheduled for completion in 2017.
Once in use, the port will be able to receive all kinds of passenger ships with tonnage of up to 225,000 GT and general cargo vessels with tonnage of 20,000 DWT.