Van Phong Bonded Petroleum Terminal Project
Van Phong District, Khanh Hoa Province, Vietnam
Van Phong Bonded Petroleum Terminal Joint Stock Company has started construction of Van Phong Bonded Petroleum Terminal on December 9, 2007. This is a large project with a total investment of more than $100 million invested by three investors is Vietnam Petroleum Corporation 55%, PB Tankers Limited (Singapore) 30% and Petrolimex Insurance Joint Stock Company 15 %. The project is built on an area of 56ha of land and 42ha of water surface.
The project is divided into two main phases, the first phase will invest about $100 million. It is build a 500,000m3 fuel depot, office and other auxiliary works.
In the second phase, it will invest about 70 million USD, increasing the storage capacity of the warehouse to 1 million m3. The project is expected to be completed and put into use in 2009.
Van Phong bonded petroleum terminal is the first project with the largest scale for this type of service.
The scope of work is fabrication, installing structures, piping works, equipment and electrical control systems of factories (SMPE).
The project requires a combination of many resources in the way of contractor and investor management and construction
Hoa Hiep has gathered experienced human resources in the same field to meet all requirements of investors to complete the project on schedule according to the motto: Progress, quality, efficiency and safety.