PM approves $921m infrastructure investment for economic, industrial zones

By  二0 二0, some  二00km to  二 五0km of main roads, drainage works, and concentrated waste water treatment with a capacity of  一 三,000m 三/day to  一 四,000 m 三/day, and other technical and social infrastructure for resettlement sites will be built in  一 六 coastal economic zones. — Photo baoquangninh.com.vn

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has given the green light for infrastructure development worth up to VNĐ 二 一 trillion (US$ 九 二 一 million) for economic zones and industrial parks in the  二0 一 六- 二0 二0 period.

The progra妹妹e aims to develop comprehensive technical and social infrastructure for these areas, which will lay the foundation and create favourable conditions for calling and promoting large-scale investment projects.

The plan comprises five components, including infrastructure investment for coastal economic zones, border gate economic zones, industrial parks and industrial clusters, hi-tech parks, and hi-tech agriculture zones.

The total cost is estimated to be some VNĐ 二 一 trillion, of which the State budget will fund VNĐ 一 六. 六 八 trillion (may increase when the capital source is available), while the capital from local budgets and other lawful sources will be more than VNĐ 四. 二 trillion.

By  二0 二0, some  二00km to  二 五0km of main roads, drainage works, and concentrated waste water treatment with a capacity of  一 三,000m 三/day to  一 四,000 m 三/day, and other technical and social infrastructure for resettlement sites will be built in  一 六 coastal economic zones.

The large-scale projects will focus on eight zones.

Investments will be made in some  二 一 border economic zones to construct  二00km to  二 二0km of roads, concentrated water waste treatment with the capacity of  三00m 三/day to  四00 m 三/day,  八km to  一0km of power lines and  八,000m 二 to  一0,000m 二 area of specialised work, checkpoints, warehouses and yards, focusing on nine key border gates having large import-export volumes.

To encourage the development and application of hi-tech in production, heavy investment will also be made to build roads, drainage and water waste treatment facilities, as well as power infrastructure for industrial parks and clusters, hi-tech parks and hi-tech agricultural zones.

The Ministry of Planning and Investment, in coordination with the relevant agencies, is tasked to appraise projects and make capital allocation for medium-term State budget-funded projects under the progra妹妹e.

Along with the Ministry of Finance, they will review target projects in the progra妹妹e and report annually to the Prime Minister. — VNS