Work is set to start on a US$1.03 billion industrial-urban zone covering 3,200 hectares in Nghi Loc and Dien Chau districts in the central province of Nghe An in 2017.
The signing of an agreement between Nghe An authorities and the two companies
The project is co-invested by Vietnam’s Civil Engineering Construction Corporation No. 4 - Joint Stock Company (Cienco4) and Thailand’s Hemaraj Land And Development Public Company Limited, as a result of an agreement signed recently between the two companies and the Nghe An provincial People’s Committee.
The project, located in Nghe An’s Dong Nam Economic Zone, will be implemented in seven phases over 21 years, with the first phase covering nearly 500 hectares in Nghi Loc district scheduled to be completed in 2021.
The objective of the project is to build a complete industrial zone infrastructure system, logistics facilities and an urban area, aiming to lure secondary investors’ to invest in building factories and production institutions.
The investors have pledged to develop the industrial zone in line with Nghe An province’s orientations, attract secondary investors to manufacture products of high quality and meet international standards, and protect the environment towards sustainable development.
Source: NDO