Hon Khoai port

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Hon Khoai Port is a proposed port and coal terminal at Hon Khoai in the Mekong Delta province of Ca Mau, Vietnam.

Location

The map below shows the Mekong Delta region, the approximate location for the proposed port.

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Background

In September 2014 a feasibility study for the proposed Hon Khoai port in the Mekong Delta region in Vietnam was conducted by the Vietnam Marine Administration in partnership with Australia-based N&M Commodities. The Australian firm proposed building 24 piers at the port and estimated the project would cost US$3.5 billion and take two years to complete. Around half of the ships would be supplying coal.[1]

In January 2015 Bechtel, the largest construction and civil engineering company in the U.S., signed a deal with Vietnamese firm Van Phong to conduct a feasibility study for the proposed port. The study will evaluate the demand for a coal import port in Hon Khoai to fuel thermal power plants in the Mekong Delta region.[1] Bechtel's study planned for 12 transhipment berths at the port, half of which will be dedicated to non-coal imports.[2]

Graham Ong-Webb from the Institute of Defence and Strategic Studies in Singapore believes the proposal only makes financial sense with the May 2015 announcement of a Memorandum of Understanding between China and Thailand to build the US$28 billion Kra Canal through Thailand’s Kra Isthmus, allowing ships to bypass the busy port hubs of Singapore and Malaysia.[2]

Funding

The proposed US$2.5 billion Hon Khoai port may seek up to 85 per cent of its finance from the US Export-Import Bank, if the Bank’s authority is reauthorized by US Congress.[2]

Project Details

  • Sponsor: Van Phong, Bechtel
  • Location: Hon Khoai, Ngoc Hien District, Ca Mau Province
  • Coal Capacity (Million tonnes per annum): TBD
  • Status: Proposed
  • Projected In Service:
  • Type: Imports
  • Source of Coal:
  • Cost: US$2.5 billion
  • Financing: US Export-Import Bank

Articles and resources

References

  1. 1.0 1.1 "Bechtel considers investment in Hon Khoai port project," Port Finance International, Jan 15, 2015
  2. 2.0 2.1 2.2 "New Viet port a clue to Kra Canal?" The Straits Times, Aug 20, 2015

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