Quang Ninh to have USD300 million seaport and industrial park complex

Accordingly, investors for the project are CDC International Group Limited Company (branch: Cayman Islands); Middle Utilities Company Pte. Ltd (branch: Singapore); and Infra Asia Investment (Hong Kong-China) Limited (branch: Hong Kong-China).

The project covers 1,192.9 hectares and will be realized within 50 years with a total capital of VND6.94 trillion (USD311.2 million).

As scheduled, investors will build an industrial park and seaport system with 10 wharves. The construction will be divided into three phases with the first phase  expected to be kicked off in 2017 and be finished in 2021.

The PM assigned the Quang Ninh provincial People’s Committee to direct the Managing Board for Economic Parks to consider and grant investment registration license to the project, and consider the license in stages to ensure investment implementation as scheduled.  

Quang Ninh should direct investors to obey commitments in the project’s documents; sign funding for the project in accordance with regulations of the investment law; and submit an environmental impact assessment report to the provincial authority for approval./.