Gemalink Corporation, a joint venture between Gemadept Corporation and France’s CMA-CGM, has signed a $300m contract with Korea’s Dealim–Samwhan to construct a deep-sea container terminal in Vietnam.

The Cai Mep terminal, to be constructed in the Ba Ria-Vung Tau Province, will include an 800m main quay, a 260m barge quay and 33ha of yard space.

The terminal will have an annual capacity of 1.2 million teu.

Construction work will start in August 2010 and is expected to be completed in 2013.

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