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Quảng Ninh invests $1.6 billion in development of service infrastructure

Update: November, 28/2019 - 08:43


Workers building a coastal road in Bãi Cháy Ward of Hạ Long City, Quảng Ninh Province. — VNA/VNS Photo Văn Đức

QUẢNG NINH — Quảng Ninh Province has invested more than VNĐ38 trillion (US$1.6 billion) in service infrastructure so far this year to promote socio-economic development.

Of which, more than VNĐ36 trillion ($1.55 billion) is from non-State budget sources, up 18.7 per cent over the previous year.

The province has also granted investment certificates for nine domestic and eight foreign direct investment projects and adjusted the additional investment capital for another 15 projects, with a total of $427.4 million.  

The province is continuing to invest in 31 projects to develop synchronous infrastructure, especially transport infrastructure connecting industrial parks, economic zones and tourism infrastructure as well as services to promote socio-economic development in the coming years.

The total investment for these projects is estimated at VNĐ1.8 trillion ($78.2 million).

The provincial People's Committee also reported to the Prime Minister for consideration and approval of the investment of three key projects on the construction of industrial infrastructure, ports and resort and entertainment complexes to promote the development of the service industry.

The completion of investment procedures and site clearance for the construction of key transport projects has also been accelerated by localities, including projects on Vân Đồn-Móng Cái expressway, Hạ Long-Cẩm Phả coastal road, and roads connecting economic zones and industrial parks such as Hạ Long-Hải Phòng Expressway to Nam Tiền Phong and Cái Lân industrial parks and Việt Hưng industrial park with Hạ Long-Vân Đồn Expressway.

The province has also created favourable conditions for investors to complete investment procedures for projects including petroleum storage in Vân Đồn airport, petrol and oil dispensing stations, upgrading five tourism sites on Hạ Long Bay to improve the tourism services.

Projects related to building technical infrastructure in industrial parks and economic zones have also been implemented. — VNS



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