September, 18 2012 10:33:00

Central coast told to review investment projects

DA NANG (VNS) — Central coastal provinces and cities should review their master plans to ensure effective investment projects, said central region Development Consultancy Council head Tran Du Lich said.

Provinces and the council would provide a list of crucial projects of the agenda of a conference in Da Nang city next March.

"We should develop an overall plan of different industries in each province which would be an advantage and avoid overlapping." he said.

For example, Quang Ngai had already built an oil refinery plant in Dung Quat industry park so it wouldn't be appropriate to build other plants in neighbouring provinces, he said.

Deputy director of Quang Nam Investment and Planning Department Truong Quang Dung said the province had planned the Cua Dai Bridge project to link three big industrial parks with Da Nang, to be completed in 2015.

"The project needs an investment capital of VND3.8 trillion (US$180 million), of which 50 per cent will come from Government bonds," Dung said. "The bridge ould help boost tourism between Da Nang and Hoi An."

Lich said Binh Dinh Province had been planned as a centre of wood and seafood processing.

"We'll look at proonged sustainable and suitabl development in the region. However, each province should check whether projects are needed," he said.

Khanh Hoa and Phu Yen provinces could share infrastructre projects already operating, uch as airports, sea ports or oil refinery plant.

Binh Thuan and Ninh Thuan, two newly recruited provinces in the Co-operation and Development Coastal Centre Region Group, were set to build centres of tourism, plus wind and solar power plants. Ninh Thuan was scheduled as location for a nuclear power plant.

Region industrial parks had attracted 943 projects, of which 775 involved foreign direct investment, with a total capital of over US$1.3 billion. — VNS

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