Nam Tien Phong project granted investment licence

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The USD$128 million project for the investment, construction and operations of the infrastructure for an industrial zone and Nam Tien Phong port was granted an investment licence on December 24.

Quang Ninh's People's Committee Chairman Nguyen Van Doc hands the investment licence to representative of the Tien Phong Industrial Zone Joint stock company. — Photo quangninh.gov.vn

QUANG NINH (Biz Hub) — The USD$128 million project for the investment, construction and operations of the infrastructure for an industrial zone and Nam Tien Phong port was granted an investment licence on December 24.

The project will begin construction in 2015 in Quang Yen town, northern Quang Ninh city.

The wholly foreign-invested industrial zone and port is a venture investment by the Tien Phong Industrial Zone Joint stock company. It is a joint undertaking with Hong Kong's Rent A Port Company, Infra Asia Investment Limited and Belgium's International Port Engineering and Management Company.

The project will cover an area of 487ha and be equipped with a modern infrastructure.

Provincial People's Committee Chairman Nguyen Van Doc asked authorities during the license granting ceremony on Tuesday to support the investor in completing land clearance procedures and installation of lighting, water and transportation systems, to make it easier to begin construction next year. — VNS

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