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Van Phong economic zone calls for bidders

Update: February, 24/2016 - 15:25

Nearly VND1,000 billion (US$44.69 million) will be invested in the construction of a road that leads to Van Phong economic zone. — Photo vietnamplus.vn

KHANH HOA (VNS) — The management board of Van Phong economic zone (EZ) in Khanh Hoa Province announced yesterday the bidding plan for a construction of a road that leads to the EZ.

The plan includes 20 bid packages, with a total investment of more than VND998 billion (US$44.6 million) from the State's budget.

The road will be constructed at level 2 of urban roads with the total length of more than 14 kilometres and width of 34 metres, extending from National Highway 1 to Dam Mon (in Van Ninh Province).

The project is significant because it will contribute to the completion of infrastructure in the northern area of the EZ, as well as attract investment. It will be completed between 2016 and 2020.

Alongside this project, the People's Council of Khanh Hoa Province had also approved a project to construct traffic lanes outside of Van Phong international transit port, with the total investment of more than VND292 billion (US$13.1 million) from the State's budget.

Van Phong EZ was established in 2006 with the total area of 150,000 hectares (ha). It comprises 80,000ha of sea, and 70,000ha of land (under the supervision of Van Ninh District and Ninh Hoa Commune).

Despite the government's preferential policies, the EZ has received few investments due to several reasons, one of them being its incomplete infrastructure.

There are currently 136 investment projects registered with the EZ, with total capital of more than VND33.3 trillion (US$1.4 billion). — VNS

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