|Amata City Biên Hòa. Amata plans to start construction of its Sông Khoai IP this month in Quảng Ninh Province. - Photo theleader.vn|Viet Nam News
HÀ NỘI — Amata VN Public Company Limited, a subsidiary of Thailand-based Amata Corporation PCL, expects to begin construction of the Sông Khoai Industrial Park in Quảng Ninh Province between December 20 and 25.
In March, Amata VN PCL received a certificate of investment registration for the IP, located in Quảng Yên, from the People’s Committee of Quảng Ninh with a total investment capital of about VNĐ3.5 trillion for five stages.
This will be Amata VN PCL’s fourth industrial park in Quảng Ninh.
By November 29, the amount of compensation for site clearance of about 103 hectares reached VNĐ212.7 billion.
The first phase is expected to be complete by the end of 2019, putting an area of 123ha into operation. The project aims to develop infrastructure in Sông Khoai IP and attract investment projects.
The IP is the first phase of Amata’s $1.6 billion industrial and urban development project in the northern province of Quảng Ninh, around 150km from the capital Hà Nội.
Besides Sông Khoai IP, Amata VN PCL has been conducting a study on the development of a smart city as part of the massive project. — VNS