Infrastructure facilities in Van Phong economic zone cost 1.7 trillion dong

Khanh Hoa province people’s committee on February 26 announced its approval for issuing local bonds for the period of 2010-2014 in order to raise capital of 1.7 trillion dong to build infrastructure facilities for Van Phong economic zone.

This year, the local authority planned to mobilise the first 350 billion dong to carry out road construction, preparation for resettlement area, ground clearance.

As planned, the construction plan of Van Phong economic zone was approved by prime minister with the registered capital for developing technical infrastructure network of 10.5 trillion dong. However, from 2007-2009, the investment capital from state budge to be allocated for the project was only 125 billion dong, the other capital sources remained low.

Up to now, Van Phong economic zone has attracted over 80 investment projects with total registered capital of $15.3 billion, in which there are some large projects such as Van Phong International port with first-phase capital of about $365 million, Van Phong general depot with total investment capital of $125 million and designed capacity of 5 million tonnes per year, South Van Phong oil refinery complex of $4.3 billion and 10 million tonnes per year, and Sumitomo thermo power plant of $3.8 billion and 2,640 MW.

Tags: Van Phong economic zone, Vietnam Infrastructure

Posted by VBN on Mar 1 2010. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry