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Cai Lan International Container Terminal, LLC
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 29521
Company nameCICT
Country
Vietnam (IDA)
Sector1Port and Harbor Operations
Environmental categoryB
Department
StatusActive
Date SPI disclosedJuly 26, 2010
Projected board dateAugust 26, 2010
Previous EventsInvested: February 24, 2011
Signed: October 26, 2010
Approved: September 17, 2010
View Environmental & Social Review Summary (ESRS), click here
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  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
Cai Lan International Container Terminal LLC (“CICT”) is developing a new container terminal (the “Terminal”) within the Cai Lan Port in Quang Ninh Province in North Vietnam. The Terminal is expected to have a 594 meter berth, a 13 meter draft alongside the berth, four Panamax gantry cranes and supporting yard equipment, and a 25 hectare container yard. It would have 720,000 TEUs of handling capacity at completion. CICT will offer shipping lines significant cost savings by enabling the deployment of larger container ships which cannot call at the Hai Phong Port due to draft restrictions. This will provide much needed capacity to the market, improve Vietnam’s competitiveness and support the expected growth in Vietnamese exports.

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