The expansion of Vietnam’s Cai Mep port has been key in driving an increase in the total volume of cargo moving through Phnom Penh Autonomous Port (PPAP) in the first 10 months of the year. It also provided an opportunity for PPAP to attract more business from companies wanting to transport goods efficiently through Vietnam as the Cai Mep port has a direct line to Europe and the United States.
Between January and October the total volume of cargo at the port had risen 46% over the same period last year (rose to 52,431 in the first 10 months of the year, up from 35,813 in 2009).
The construction of the PPAP’s facility in Kandal province’s Kien Svay district (Banteay Dek Commune) would help the facility handle the increased cargo levels. This construction of the new 30-hectares, $28 million container terminal was about 25% complete according to the statement of the Mr. Hei Bavy, the general director of PPAP. It is being financed by a 30-year Chinese loan and is located 30 km from Phnom Penh. The new terminal would be able to receive more than 300,000 6-meter containers a year, up from the PPAP’s current capacity of 80,000. The project will be completed by mid-2012.