The design of Ledana Industrial Park in Binh Phuoc Province's Loc Ninh District. — Photo baochinhphu.vn

The Prime Minister has agreed that work can begin on the development of Ledana Industrial Park in Binh Phuoc Province.

Nguyen Xuan Phuc has issued Decision 738/QD-TTg giving the green light to the five-year project.

The industrial park will cover a total area of 424.5ha in Loc Ninh District’s Loc Thanh Commune. Le Dai Nam International JSC is the project investor.

Total investment for the development is VND1.2 trillion (US$51.5 million), including VND200 billion provided by the investor.

The provincial People’s Committee and Binh Phuoc Economic Zone Management Unit will work with the investor to complete the Industrial Park in a maximum of five years.

The investor has been told to strictly follow construction rules and provide guarantees to prove the company is financially capable to carry out the work.

The company is required to introduce different plans to raise enough capital, assuring its capability of financing the project.

In addition, environmental protection tasks must be accomplished in the investor’s environmental impact assessment when preparing for the project.

Binh Phuoc provincial People’s Committee and the Economic Zone Management Unit are asked to oversee the project development regarding the progress, environmental protection, and land and water use.

The agencies are also tasked to clear land and develop a settlement plan for affected people. — VNS