Vietnam’s Quang Tri begins work on $324mn IP, airport projects
Friday, December 15, 2023, 17:04 GMT+7
The administration of Quang Tri Province in north-central Vietnam on Friday broke ground on two projects to build an industrial park and an airport, whose combined investment reaches over US$324 million.
The Quang Tri industrial park will cover an area of 481 hectares in Hai Lang District and require more than VND2 trillion ($82.9 million) in investment, with Quang Tri Development Consortium Company serving as the developer.
This consortium comprises Vietnam-Singapore Industrial Park Joint Venture Company, Thailand’s Amata City Bien Hoa JSC, and Japan’s Sumitomo Corporation.
The industrial park is set to house companies operating in the fields of garment-textile, footwear, printing and packaging, woodworking and furniture, and food and beverages.
Once it is put into operation, the industrial park is expected to offer employment to some 40,000 people.
At the ground-breaking ceremony, five businesses signed memoranda of understanding to rent land lots in the industrial park.
Among them, Hong Kong’s Winzen Holding Company and Singapore’s Join Success Wealth planned to operate their garment-textile businesses there, while the remaining three Vietnamese firms will engage in furniture manufacturing and motorcycle distribution.
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| Delegates attend the ground-breaking ceremony of the Quang Tri airport project in Quang Tri Province, north-central Vietnam, December 15, 2023. Photo: Quoc Nam / Tuoi Tre |
As for the airport project, it got the prime minister’s nod to be built under the public-private partnership, spanning over 316 hectares of land in three communes – Gio Quang, Gio Hai, and Gio Mai – under Gio Linh District.
The two-phase airport project would carry a price tag of over VND5.830 trillion ($241 million), with its capacity to serve five million passengers and handle 25,500 metric tons of goods per year.
The airport is slated for completion in 2026.
A consortium of T&T Traffic Infrastructure Investment and Development Company and CIENCO4 Group JSC, both based in Hanoi, earlier won a bid to become the developer of the Quang Tri Airport project.
Aside from meeting the needs for commercial services, the development of the airport is expected to serve local people across the country to visit and pay tribute to heroes and martyrs in Quang Tri, said Le Duc Tien, vice-chairman of the provincial People’s Committee.
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