Propose approval of Song Cong II Industrial Park Project phase 2 worth nearly 4,000 billion VND

Mai An 10:32, 17/11/2023

The Ministry of Planning and Investment has just sent a report to the Prime Minister on the results of appraisal of the investment policy approval dossier for the Song Cong II Industrial Park infrastructure construction and business investment project, phase 2 of Thai Nguyen province.

Song Cong II Industrial Park.
Song Cong II Industrial Park.

The project has a land use scale of over 296 hectares, in two communes: Ba Xuyen and Tan Quang (Song Cong City). In particular, Area No.1 has a scale of 175.52 hectares; Area No.2 has an area of 120.72 hectares. The total investment capital of the project is nearly 4,000 billion VND.

Project implementation progress is no more than 36 months from the date the investor is handed over or leased land by the State. The project's operating term is 50 years from the date of approval of the investment policy and approval of the investor. The investor as Viglacera Thai Nguyen Joint Stock Company, must arrange enough committed capital and make a deposit or have a bank guarantee on deposit obligations to ensure the implementation of the investment project according to the provisions of law on investment.

Thai Nguyen Provincial People's Committee is responsible for directing the Provincial Industrial Park Management Board to monitor and supervise the project implementation process, including the arrangement of sufficient equity capital as committed; Specify plans to mobilize loan capital through credit contracts...