Saigon – Northwest invests more than 5,000 billion in an industrial park in Long An
(VNF) – Construction investment project and infrastructure business in Loc Giang industrial zone will be invested by Saigon – Northwest Urban Development Joint Stock Company.
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Deputy Prime Minister Le Van Thanh has just signed a decision approving the investment policy of the investment project to build and trade in infrastructure of Loc Giang industrial zone in Long An province by Saigon Urban Development Joint Stock Company – Northwest (SCD) as an investor.
According to the decision, the project has an area of 466ha in Tan My, An Ninh Dong and Loc Giang communes in Duc Hoa district, Long An province.
The project has a total investment capital of more than 5,198 billion VND. In which, capital contributed to investors is about 779 billion VND and mobilized capital is about 4,419 billion VND.
SCD will have a project implementation period of 60 months from the date of land handover by the State. The project’s operation term is 50 years from April 19, 2022.
According to the decision, the Ministry of Planning and Investment is responsible for the content of the report on appraisal of the project investment policy and performs state management responsibilities in monitoring and directing the operation of industrial parks. regulations.
The People’s Committee of Long An province is responsible for organizing the implementation of land acquisition, compensation, site clearance, land lease, land use purpose conversion to implement the project in accordance with the investment policy approved by the Prime Minister. Browser.
Meanwhile, SCD is only allowed to carry out the project after the conversion of the project’s rice land use purpose is approved by the competent authority and the money is paid to protect and develop the rice land in accordance with the law. regulation. In addition, this investor must deposit or have a bank guarantee on the escrow obligation to secure the project implementation.
by Vietnamfinance
