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VietNamNews

Province to give cleared sites to giant projects

Update: March, 10/2017 - 18:44
A corner of Dung Quất Economic Zone in the central province of Quảng Ngãi. — Photo ndh.vn
Viet Nam News

HÀ NỘI — Central Quảng Ngãi Province’s authorities and relevant sectors are racing against time to clear sites for several giant projects in Dung Quất Economic Zone, which will be executed this year.

The projects include the expansion project of Dung Quất Oil Refinery, Hòa Phát-Dung Quất iron and steel production complex and Dung Quất Industrial Park (IP) urban area.

According to Trần Ngọc Căng, chairman of the provincial People’s Committee, the province has since early this year, focused on site clearance and simplifying administrative procedures to help investors execute projects soon.

The cleared sites will be given to Dung Quất IP urban area and the expansion project of Dung Quất Oil Refinery before June 30.

The IP urban area is invested by Hoàng Thịnh Phát JSC, with investment capital worth more than VNĐ2 trillion ($87.5 million). It is expected to attract businesses from the sectors of production and assembling of electric, electronic and telecommunication devices; manufacturing auto and plane parts; foods and drinks; and chemicals, medicine and pharmacy; as well as textiles, garments and dying; and light industrial and support industries.

The expansion project of Dung Quất Oil Refinery, worth US$1.8 billion, is expected to be completed by 2021.

As for Hòa Phát-Dung Quất iron and steel production complex, the province had previously given all cleared site to the investor, who then requested more land for its operation The province is working hard to hand over further cleared site to the project in the shortest time. The project will take up 372.7ha, with total investment capital amounting to VNĐ60 trillion. — VNS

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