Deputy PM greenlights investment policy for IP in Bac Giang
The $57.6 million project will span 102.85 ha in the northern province.
Under Prime Ministerial Decision No 1679/QD-TTg, signed recently by Deputy Prime Minister Tran Hong Ha, the investment policy and investor for Phase 1 of the Xuan Cam - Huong Lam Industrial Park infrastructure project in northern Bac Giang province, has been approved.
The project will span 102.85 ha in the communes of Xuan Cam and Huong Lam, Hiep Hoa district, with total investment capital estimated at VND1.467 trillion (nearly $57.6 million). Of the capital, S-Dragon Infrastructure Investment Joint Stock Company - the investor - will contribute approximately VND234.8 billion ($9.2 million).
The operating term of this project is set for 50 years, commencing from the date issuing a decision on the land allocation, lease, or land use purpose change.
The Ministry of Planning and Investment has been tasked with appraising a plan for the project's investment implementation and overseeing the State management of the industrial park in compliance with investment laws.
Additionally, relevant ministries and sectors are responsible for appraising the investment plan within their respective functions and duties, adhering to pertinent laws.
The Ministry of Natural Resources and Environment will assess the project's environmental impact report, focusing on wastewater discharge and the investor's environmental protection measures during project implementation, to ensure no adverse effects on the Cau river.
